North America’s trading partners, including the US, Mexico, and Canada, are meeting in Cancun to assess the progress made under the US-Mexico-Canada Agreement (USMCA) over the past three years. International Trade Minister Mary Ng, US Trade Representative Katherine Tai, and Mexico’s economy secretary, Raquel Buenrostro, are participating in the discussions. According to Tai’s office, the US exported nearly $790 billion worth of goods and services under the trade agreement in 2022, representing a 31% increase compared to 2012. The US Department of Commerce estimates that North American exports supported approximately 2.1 million jobs in 2021. The agreement includes a six-year review clause that requires a comprehensive evaluation by June 2026. Ng expressed hope that Mexico and the US would take advantage of this opportunity to ensure the deal’s longevity beyond 2036. Ng described the USMCA, referred to as CUSMA in Canada, as the most successful trade agreement in the world. Both Canada and Mexico are interested in clarifying whether the US will comply with a tribunal ruling that rejected its classification of foreign automotive content. Ng emphasized the importance of all parties abiding by the terms of the agreement, which serves as the foundation for international trade. Additionally, officials highlighted two ongoing points of contention: Mexico’s production of genetically modified corn and Canada’s restrictions on dairy export quotas. These issues will be addressed through separate dispute resolution mechanisms.