The United States and Mexico are more than just neighbors: The two nations have a long history of cooperation around diplomacy, security, and trade. In fact, the latter has never been more important, with Mexico now the largest trade partner to the United States.

In January, the new U.S.-Mexico-Canada Agreement (USMCA) was signed into law, replacing the North American Free Trade Agreement (NAFTA) and solidifying the agreement between Mexico and the U.S. The relationship between these two neighbors has been and will continue to be vital to both countries' prosperity. But what are the prospects for the two countries' key issues in their bilateral agenda, such as trade, migration, and security? And how might the U.S. presidential election affect this critical relationship?