US Trade Representative Kathryn Tai will travel to Cancun from July 6-7 to participate in the third meeting of the Free Trade Commission part of the TMEC trade agreement. The committee is also made up of Mexico’s Minister of the Economy, Raquel Buenrostro, and her Canadian counterpart, Mary Ng. The meeting, the third since the pact entered into force in 2020, is taking place amid open processes to determine whether or not Mexico is in violation of the treaty in the energy and corn sectors.
“In 2022, the value of US exports of goods and services to the countries of the United States of America will be approximately $790 billion, a 31% increase over 2012 and a 366% increase over 1993,” said the statement issued by TAI on Tuesday. According to the Department of Commerce In America, exports of goods and services supported about 2.1 million jobs in 2021.
Both the United States and Canada have opened consultation processes with Mexico, arguing that the legislation proposed by the administration of President Andrés Manuel López Obrador violates the trade agreement, as it limits the participation of private companies in the energy sector in favor of quasi-state companies, the Federal Electricity Commission and Petroleos Mexicanos. In addition, the United States has opened a second process to determine whether the ban on genetically modified corn for human consumption violates treaty rules. Mexico imports about $3 billion in grain from its northern neighbor each year.
In addition to trilateral and bilateral meetings between officials, “private sector representatives and labor stakeholders will also be heard about how the United States of America can benefit workers and small businesses in the three countries,” the White House reported in the community.
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