Mexico is looking solve energy issues Treaties between Mexico, the United States and Canada (T-MEK) “by conciliatory means,” the Ministry of Economy (ME) indicated.
The SE statement indicated that as part of the third interim meeting of the T-MEC, which is taking place in Toronto, Canada, SE Undersecretary 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 U.S. delegation, Encinas Najera met with U.S. Trade Representative (USTR) Special Advisor Kara Morrow and said Mexico was willing to resolve energy consultations in a “conciliatory manner” and agreed to continue to work closely to reach a mutually acceptable agreement.
Mexico, the United States and Canada have been at odds over energy issues since President Andres Manuel. López Obrador implemented policies that allegedly favored state-owned energy companies.Petroleos Mexicanos (Pemex) and the Federal Electricity Commission (CFE) to the detriment of private companies, especially foreign ones.
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SE said in the note that the United States appreciated Mexico’s cooperation under the Labor Rapid Response Mechanism (MLRR), and Encinas Najeras stressed that workers’ rights are a priority for the Mexican government.
At the meeting, the Under Secretary emphasized the need to use the MLRR “only in cases where national authorities are exhausted so that it helps build confidence and capacity in national institutions.”
Steel and aluminum industry
In other matters, Mexico warned of the importance of strengthening and improving the competitiveness of North America’s steel and aluminum industries and, to that end, proposed a cooperation program to determine the origin of these products outside the region, sharing information among anti-dumping agencies, among other measures. .
Both countries agreed on the importance of resuming the North American Steel Conference “as soon as possible,” and Mexico reaffirmed its commitment to preserving and protecting the vaquita.
SE said Mexico and the US also agreed to work on strengthening and resiliency of supply chains, particularly in sectors of interest to Mexico such as food, semiconductors, medical devices, pharmaceuticals and electronics.
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Subsequently, Deputy Minister Encinas Najera met with Canada’s Deputy Minister of International Trade, Rob Stewart, who spoke about the work done at the end of 2023 during the Second T-MEC SME Dialogue, which took place 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 around the world, especially the World Trade Organization and the Ottawa Group. (EFE)
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
