USMCA and nearshoring: The triggers of trade and investment dynamics in North America | Brookings
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Third, the country’s long-standing expertise in production sharing schemes makes it a strategically valuable partner in the evolving landscape of regional manufacturing and trade. Second, the Biden administration’s strategy for nearshoring, which focuses on “creating diversified and resilient supply
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- Third, the country’s long-standing expertise in production sharing schemes makes it a strategically valuable partner in the evolving landscape of regional manufacturing and trade.
- Second, the Biden administration’s strategy for nearshoring, which focuses on “creating diversified and resilient supply chains,”2 has positioned Mexico as a key player in the “China+1” supply chain diversification approach.
- First, the U.S.-China trade war has diverted trade from China to countries like Mexico where USMCA offers duty-free access to the U.S. market.
- Fourth, Mexico’s competitive advantages for nearshoring include significantly low labor costs, with average manufacturing salaries lower than those in China.
- the critical role of regional trade in its economic recovery and expansion.
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