During the coming months, the coronavirus pandemic will likely have a vast impact on U.S.-Mexico trade and the implementation of the United States-Mexico-Canada Agreement (USMCA). These impacts will be difficult to quantify as the duration of the pandemic is unknown. Disruptions could include stoppages at North American manufacturing plants, interruptions in transportation and logistics, and reductions in non-essential travel and tourism. These will have a devastating impact on all three North American economies, but especially on Mexico’s. In the longer term, the policies of Mexico’s president Andrés Manuel López Obrador could further hurt Mexico’s economy by deterring investors. Additionally, it is possible that USMCA labor obligations may not be implemented, and government spending could fall due to dropping oil prices. The country’s capacity to absorb additional investment could also be challenged if the pandemic sickens or kills many Mexican citizens.
At this webinar, David A. Gantz, the Will Clayton Fellow for Trade and International Economics, and Tony Payan, director of the Center for the U.S. and Mexico, discussed the impact of the pandemic on U.S.-Mexico trade and economic relations. This event was sponsored by the Center for the United States and Mexico. Follow @BakerCtrUSMEX on Twitter and join the conversation online with #BakerMexico.
10:30 a.m. — Presentation
11:00 a.m. — Q&A
Tony Payan, Ph.D.
Françoise and Edward Djerejian Fellow for Mexico Studies and Director, Center for the United States and Mexico, Rice University's Baker Institute for Public Policy
David A. Gantz, J.D.
Will Clayton Fellow in Trade and International Economics, Rice University's Baker Institute for Public Policy