The existing differences on the energy issue between Mexico and the United States justify the formation of an arbitration panel to determine who is right.
This was considered by the US ambassador to the country, Ken Salazar, who confirmed that the dialogue between the two countries did not reach a concrete agreement, according to Bloomberg.
“It seems to me that the differences are significant enough to be taken to a formal committee for a decision,” he said after an Amazon technology event.
Mexico and the United States are discussing whether Mexico and the United States will restrict private investment in the energy sector in violation of the terms of the T-MEC agreement.
In recent days, Reuters reported that US President Joe Biden’s administration has asked US energy companies to prepare affidavits documenting how Mexican protectionist policies have hindered their investments, as Washington prepares to escalate a trade dispute with its neighbour, according to three people familiar with the discussions. .
The request for briefings from major US oil and renewable energy companies is the latest and clearest indication that USTR plans to seek an independent dispute resolution panel within the United States, Mexico and Canada. Commercial agreement.
American companies in the energy and electricity sectors, such as Chevron and Marathon Petroleum, that sought to expand in Mexico, have complained of being denied permits and simple applications in decisions that favor national state-owned companies.