Mexico seeks to resolve differences over energy policy through reconciliation • Economy and Finance • Forbes Mexico

Mexico is seeking to resolve the Mexico-United States-Canada (TMEC) Treaty energy consultations through “conciliatory means,” the Ministry of Economy (SE) has indicated.

The stock exchange indicated in a statement that, within the framework of the third intermediate meeting of the USMCA, which is being held in Toronto, Canada, the Undersecretary of the Ministry of Foreign Trade, Alejandro Encinas Najera, held bilateral meetings with the United States and Canada. To review the USMCA trade agenda.

In his first meeting with the US delegation, Encinas Najera met with Special Advisor to the US Trade Representative, Cara Morrow, and stated that Mexico was ready to resolve the energy consultations through a “conciliatory path”, and agreed to continue. Work closely to reach a mutually acceptable agreement.

Mexico, the United States and Canada have entered into disputes over energy issues after President Andrés Manuel López Obrador implemented a policy accused of favoring state energy companies, Pemex and CFE, at the expense of private sector companies, especially foreigners.

The Secretary-General noted in the memorandum that the United States appreciates Mexico's cooperation in the Labor Mechanism for Rapid Response (MLRR), and Encinas Nájeras stressed that labor rights are a priority for the Government of Mexico.

During the meeting, the Undersecretary stressed the necessity of using the anti-money laundering mechanism and reducing its risks “only in cases where national bodies are exhausted, so that it contributes to strengthening the confidence and capabilities of national institutions.”

Pay attention to steel and aluminum

Regarding other issues, Mexico warned of the importance of strengthening the North American steel and aluminum industries and making them more competitive, and to this end, it proposed a cooperation agenda to determine the origin of these products outside the region, and exchange information between anti-dumping agencies, among other measures. .

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The two countries agreed on the importance of resuming the North American Steel Conference “as soon as possible,” and Mexico affirmed its commitment to preserving and protecting the vaquita.

Mexico and the United States also agreed to work on strengthening and resiliency of supply chains, in particular, in sectors of interest to Mexico such as food, semiconductors, medical devices, pharmaceuticals and electronics, SE said.

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The Under-Secretary then met with Canada's Deputy Minister of International Trade, Rob Stewart, who highlighted the work done at the end of 2023 during the second T-MEC SME Dialogue, held in Mexico City, and agreed on the importance of inclusive trade for his Government. .

In addition, Encinas and Stewart exchanged views on existing economic and trade forums in the world, especially the World Trade Organization and the Ottawa Group.

With information from EFE

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Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

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