To understand Mexico’s emergence in the global economy, one must consider the country’s economic relationship with the United States, which has blossomed over the past three decades. In 1994, the United States, Canada and Mexico enacted the North American Free Trade Agreement (NAFTA). Lawmakers pursued this deal in an effort to reduce trading costs and increase business investment among the three countries, creating an environment in which their products can be more competitive against export-driven nations (e.g., the European Union and China). NAFTA was instrumental in solidifying and growing commercial relations between the United States and Mexico, and the relationship has been further enhanced with the implementation of the USMCA as of July 1, 2020. The USMCA provides improved ground rules surrounding intellectual property protections, free market guarantees, and lower costs for trade between the two countries.