Introduction to the T-MEC Review Process
As the United States-Mexico-Canada Agreement (T-MEC) enters its sixth year since its implementation on July 1, 2020, Mexico’s Secretary of Economy (SE) is organizing public forums in various states to gather insights and opinions from stakeholders before the agreement’s upcoming review in 2026. In Querétaro, one such forum is scheduled for October 9.
Participants and Topics
The Querétaro forum will involve federal and local authorities, as well as representatives from the state’s business and industrial sectors. Topics to be discussed include trade, manufacturing, tariffs, and other aspects of the T-MEC. The aim is to collect valuable input for the SE’s participation in the review process.
Background on T-MEC Forums
Recently, state development secretaries met with SE Secretary Marcelo Ebrard Casaubón to discuss the upcoming regional consultation forums. These forums will replace the previous “Cuarto de Junto,” which was part of Mexico’s negotiation process. Now, the consultation will cover the entire nation to identify national priorities for the T-MEC’s upcoming revision.
Querétaro’s Investment Landscape
Querétaro has emerged as a significant magnet for both domestic and foreign investments. Between 2021 and 2025, the state has seen the completion of 192 projects worth 117 billion pesos and generating 52,700 jobs. The majority of these projects (35%) are in the automotive and aerospace industries, while others span food and beverages, information technologies, electronics, medical devices, and more.
Investment Origins
Mexican investments account for 24% (47 projects) of the total, while foreign investments come primarily from the United States (36%), Germany (30%), France (12%), Canada (12%), and China (11%). Querétaro ranked third in foreign direct investment (FDI) inflows by the second quarter of the year.
Electricity Supply Capacity
Regarding electricity supply, Querétaro has identified two major CFE (Federal Electricity Commission) infrastructure projects: Substations with a capacity of 300 MVA each.
Key Questions and Answers
- What is the T-MEC? The United States-Mexico-Canada Agreement (T-MEC) is a trade agreement that replaced the North American Free Trade Agreement (NAFTA) on July 1, 2020. It will undergo a review in 2026.
- Why are public forums being held? To gather insights and opinions from stakeholders before the T-MEC’s upcoming review in 2026, allowing Mexico’s Secretary of Economy to contribute valuable input.
- What types of investments is Querétaro attracting? Querétaro has seen investments in various sectors, including automotive, aerospace, food and beverages, information technologies, electronics, medical devices, and more.
- Where are Querétaro’s investments originating from? Mexican investments account for 24% of the total projects, while foreign investments come primarily from the United States, Germany, France, Canada, and China.
- What are Querétaro’s electricity supply capacity projects? Querétaro has identified two major CFE infrastructure projects: Substations with a capacity of 300 MVA each.
