Trade
Regional Trade Agreement
Also known as: RTA, Regional trade bloc
A treaty between three or more countries in a region establishing reciprocal tariff preferences and common trade rules to promote intraregional trade.
Also known as: RTA, Regional trade bloc
A treaty between three or more countries in a region establishing reciprocal tariff preferences and common trade rules to promote intraregional trade.
A regional trade agreement is a treaty between three or more countries establishing preferential trade rules to promote commerce within the region. Mexico participates in agreements like USMCA (with the U.S. and Canada), the EU-Mexico FTA, and the Pacific Alliance.
USMCA (T-MEC)
Trade agreement between the United States, Mexico, and Canada that replaced NAFTA in July 2020, governing trade, investment, and intellectual property rules.
TradeFree Trade Agreement (FTA)
International agreement that eliminates or reduces tariffs and trade barriers between signatory countries.
TradeRules of Origin
Criteria determining the economic nationality of goods, required to qualify for preferential tariff rates under free trade agreements.
TariffsTariff Preference
A reduction or elimination of the import tariff granted to goods originating from a country with which an active trade agreement exists.