US, Mexico to launch review process of USMCA trade pact week of March 16

Commercial activity at the port of Manzanillo
March 5 (Reuters) – U.S. and Mexican negotiators will hold bilateral discussions starting the week ​of March 16 as part of the joint ‌review of the United States–Mexico–Canada trade agreement, the U.S. Trade Representative’s office said on Thursday.
U.S. Trade Representative Jamieson Greer and Mexican ​Secretary of Economy Marcelo Ebrard have instructed negotiators ​to begin a scoping discussion on the measures ⁠to ensure the benefits of the trade agreement ​accrue primarily to the parties, including by reducing dependence on ​imports from outside the region, according to a statement from Greer’s office.
Negotiators are expected to meet regularly as part of the ​joint review, according to the statement.
The Trump administration is ​reviewing the trilateral agreement enacted during President Donald Trump’s first term ‌in ⁠the White House, and faces a July 1 deadline to notify Congress whether it plans to change the agreement.
Greer said late last month that U.S. and Canadian trade ​officials were planning ​to meet ⁠in the coming weeks to discuss the trade pact.
USMCA is the modern, trilateral free-trade ​agreement that took effect in 2020, replacing ​the ⁠1994 North American Free Trade Agreement.
The pact has shielded Mexico and Canada from the bulk of President Donald Trump’s ⁠tariffs, ​as goods that comply with its ​rules of origin can enter the U.S. duty-free.