The Council for Coordination of Business (CCE) has confirmed that it will be alert to the dispute between the US and Canadian governments over the electricity policy of Andres Manuel Lopez Obrador (AMLO).
The leadership body stated that “Mexican private sector organizations will wait for the dialogue that will be established by governments to resolve this dispute, and we reiterate our desire to cooperate and support the Mexican government.”
He noted that the Mexico-US-Canada Treaty (TMEC) is an essential tool for Mexico’s growth and development, as well as an indispensable source of certainty for the business environment, investment and job creation.
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“The Continuing Education Committee affirms its full commitment to the rule of law, legal certainty, and the defense of integrity and compliance with T-MEC,” he said.
Catherine Tay, White House Trade Representative, reported that the US government has requested the establishment of a consultation process under the T-MEC, regarding Mexico’s non-compliance with the energy agreement.
President Joe Biden’s Trade Representative (USTR) accused Mexico of violating TMEC rules to undermine US electricity-producing companies for Petróleos Mexicanos (Pemex) and the Federal Electricity Commission (CFE).
The body headed by Francisco Cervantes Diaz reported that it was informed of the decision of the United States and the Canadian government to request the administration of Andres Manuel Lopez Obrardo to conduct a consultation process regarding the various procedures adopted in the hydrocarbon and electricity sectors, within the framework of the State-State Dispute Resolution Chapter of the Treaty.
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The consultation process is one of TMEC’s tools that allows institutional dispute resolution between member states to ensure it is properly implemented, according to the CCE.
He added that the start of this consultation process is the result of requests from companies in the United States and Canada to their governments.
