Final answer:
Mexico's position in the NAFTA or USMCA agreement is governed by the United States-Mexico-Canada Agreement (USMCA), which replaced NAFTA. The USMCA is similar to NAFTA and aims to promote trade and economic cooperation between the three countries.
Step-by-step explanation:
As of July 1, 2020, Mexico's position in the free trade agreement with the United States and Canada is governed by the United States-Mexico-Canada Agreement (USMCA), which replaced the North American Free Trade Agreement (NAFTA). The USMCA is similar to NAFTA in many aspects and aims to promote trade and economic cooperation between the three countries. However, the USMCA includes updated provisions that address concerns related to labor standards, intellectual property, and market access for specific goods.