Ildefonso Guajardo, a former economy minister and PRI’s federal deputy, said that if a panel was lifted to settle a dispute over its energy policies, Mexico could, if it lose, face tariffs that would affect its exports to the United States.
Guajardo made this comment about the potential effects on Mexico’s export capacity in the context of the US government’s request for consultations on some discriminatory energy policies that, among other points, allegedly benefit Pemex and the Federal Electricity Commission (CFE).
In mid-June, the US ambassador to Mexico, Ken Salazar, said the US was working with the Mexican government on disputes with companies in the energy sector that involve more than $30 billion in US investment.
It’s not just investments in the energy sector; Guajardo commented on the future of investment in the manufacturing sector, which is increasingly needed for products made with clean energy.
The legislator added that in this case the interests are defended not only of those who invest in energy, but also of those who have invested, for example, in the manufacture of auto parts, cars and medical equipment.
EU IP, clap your hands
Meanwhile, the US Chamber of Commerce (USCC) has welcomed the US government’s decision to initiate consultations to settle disputes with Mexico under the Mexico-US-Canada Agreement (T-MEC) regarding certain Mexican energy. Policies.
“The Chamber commends this important step to address the troubling actions being taken by Mexico in the energy sector, which, in our view, violate the country’s obligations under the T-MEC,” said USCC First Vice President of the Americas. Neil Herrington.
“We have repeatedly raised our concerns about the direction of these policies, which have unfairly harmed US companies and run counter to our shared goals of reliable energy generation,” the USCC said in a press release.
Last week, the American Chamber hosted the 12th US-Mexico CEO Dialogue. The USCC added: “The CEOs have asked the Mexican government to maintain its commitments to T-MEC, particularly with regard to energy.”