Recovery of the automotive industry is expected with the arrival of the T-MEC
The automotive sector in Mexico could normalize its production before other industries once the health contingency caused by Covid-19 has been lifted, according to estimates obtained in a study carried out by the global research area of HSBC, a British multinational banking company.
This research indicates that this is mainly due to the external demand for these automotive inputs, especially by our largest trading partner, the United States, as well as by the new trade agreement between it, Mexico and Canada (T-MEC), which It comes into effect on July 1 of this year and it could have a positive effect by creating an environment of commercial certainty.
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