The Pattern Is Systemic
Final goods stay in the bloc. Subsystems do not. Every sector, same shape.
T-MEC utilization climbed from 44.8% to 88.7%. Regulatory compliance changed. Supply chains did not. Trace the inputs inside any pump or valve and you find the exact point where regional integration breaks.
Final goods stay in the bloc. Subsystems do not. Every sector, same shape.
Seven subsystems. A gradient of complexity. A gradient of leakage.
Three countries. Same shape. Rules of origin require regional content the region does not supply.
Coordination. A thin base. A strategic vacuum. Each demands its own instrument.
Where assembly happens. Where upstream sits stranded. Where the two meet.
Fixed costs, lock-in, learning paradox. The T-MEC preference rewards whoever can afford to prove it.
Three failures, three instruments. The architecture of regional content has to be rebuilt around verification, not tightened around it.
Productivity. Fiscal multipliers. Geopolitical autonomy. The pumps are just the place you can see it first.
The 2026 T-MEC joint review decides whether the region tightens rules of origin, relaxes them, or rebuilds the infrastructure that lets firms demonstrate them. Facts first, then policy.