15 members of the T-MEC Implementation Monitoring Special Committee (CESITMEC) from The Senate of the Republic They issued a statement in which they hoped that the consultation phase would be satisfactorily resolved between Mexico, the United States and Canada.
The above comes after the United States in the middle of last month requested consultations on dispute settlement with Mexico under the Mexico-US-Canada Treaty (TMEC) for energy policies it deems discriminatory and which “harm” companies that, if unresolved, could lead to punitive tariffs by the neighboring country in the north.
Later, Canada announced that it would request its own consultations on settling disputes over Mexican energy policies, arguing that they are “incompatible” with the regional agreement.
In this regard, CESITMEC considers that in the event of disagreements over the interpretation and application of the provisions of the T-MEC, preventing it from jeopardizing diplomatic relations between partner countries, the Treaty has tools that allow for the revision of the provisions of the T-MEC. Potential disagreements and reaching agreements that satisfy the parties involved.
However, the senators recognize that Mexico will face complex negotiations, which will require a high-level political dialogue that respects the rule of law, the Mexican constitution and laws, international law and the commitments made in the treaty.
“This is the case of the dispute settlement mechanism, agreed upon and established by the three countries in Chapter 31 to resolve any matter that may affect the interests of the partners, and thus the operation of the Treaty, and which provides certainty for trade, business and investment in the region.
In the statement, the senators acknowledged that the economic relationship that Mexico, the United States of America and Canada have maintained thanks to T-MEC, formerly known as NAFTA, “has helped them position and maintain North America as one of the most important and competitive productive regions in the world, while at the same time allowing Each nation develops its economic and social well-being through the trade ties that unite it, while respecting each sovereignty at all times.”
Senators understand that Mexico will face complex negotiations in the T-MEC consultation phase
The Special Committee considers the request for consultations submitted by the United States of America and Canada as an opportunity to endorse the desire that Mexico has always shown to listen and dialogue with its strategic partners while ensuring that the national interest prevails.
“CESITMEC expresses its support for the predominance of constructive dialogue between the parties, as an unfavorable outcome against our country will affect the economy and the well-being of thousands of families in the three countries.”
In the same way, the Special Committee shall consist, among others, of Senators. Claudia Ruiz MaceoBeatriz Paredes-Rangel, Hector Vasconcelos, Alejandro Armenta and Lilia Margherita Valdez Martinez affirm their commitment to serving as a space where respect, dialogue and synergy prevail between different actors and institutions, public and private.
In addition, he hopes that a rapid resolution of inquiries will allow Mexico to continue to position itself as a reliable partner, production benchmark and competitiveness on a global scale.