MEXICO – Mexico loses brightness on the global supply map. In the last decade, the country’s clothing exports have sunk by 20%, according to the latest available data from the World Trade Organization (WTO).
Specifically, the country has gone from exporting clothes worth US$5.1 billion in 2007 to US$4 billion ten years later; both are far from the data of 2005, when they exceeded US$7 billion.
In 2017, the sector was affected by the threat of Donald Trump to suspend the North American free-trade agreement, which regulates trade relations between Mexico, Canada, and the United States.
Finally, the three governments reached an agreement to create the new USMCA agreement, which has already been ratified by Mexico and is pending the green light of Canada and the United States.
Source: The mds