U.S., Canada elevate concern over Mexico power, funding local weather

MEXICO CITY/WASHINGTON, July 7 (Reuters) – Commerce ministers from america and Canada expressed concern on Wednesday about Mexico’s power insurance policies, as they met with their Mexican counterpart to mark the one-year anniversary of a regional commerce pact.

U.S. Commerce Consultant (USTR) Katherine Tai informed reporters throughout a joint information convention that america is intently following Mexican President Andres Manuel Lopez Obrador’s method to the oil and energy sectors, and appeared to counsel underlying variations.

“With respect to the power insurance policies that we see being mentioned and envisioned by the Lopez Obrador administration, we’re watching very intently. … We’re elevating our issues. We’re right here to interact,” Tai stated, with out citing particular points.

Her reply got here in response to a query concerning the Mexican authorities’s resolution late final week to decide on state-owned Pemex to run a significant shared oil discover as a substitute of a personal consortium led by U.S. oil firm Talos Vitality Inc (TALO.N), which made the invention in 2017. learn extra

Canadian Commerce Minister Mary Ng reiterated Canada’s “ongoing concern with the funding local weather in Mexico particularly in power and mining sectors,” however welcomed the anticipated reopening of the San Rafael mine operated by Canadian miner Americas Gold and Silver Corp (USA.TO).

The mine in northern Mexico will reopen following an prolonged labor dispute. It primarily produces silver, zinc and lead.

Tai and Ng met in Mexico Metropolis with Mexican Financial system Minister Tatiana Clouthier on the anniversary of the entry into power of america–Mexico–Canada Settlement (USMCA). The pact changed the North American Free Commerce Settlement.

Ng welcomed the historic, all-female make-up of the group, dubbing them the “three amigas,” or “three associates” in Spanish.

Whereas in Mexico, the ministers met with entrepreneurs from underrepresented teams, in addition to representatives from Mexico’s main enterprise teams, and visited establishments concerned in Mexico’s labor reform, USTR stated in a press release.

“With this assembly, Mexico, america, and Canada reaffirmed their dedication to North American provide chains and financial competitiveness, which have created important financial development and advantages for individuals and employees in all three international locations,” USTR stated.

USTR stated Tai additionally met with Mexican Agriculture Minister Victor Villalobos, and emphasised the significance of Mexico instantly resuming authorization of biotech merchandise, like genetically modified grains.

The USTR chief additionally inquired about increasing entry for U.S. contemporary potatoes in Mexico and defending an endangered porpoise, in addition to the problems of unlawful fishing within the Gulf of Mexico and sea turtle bycatch.

Reporting by Anthony Esposito and Sharay Angulo in Mexico Metropolis, Andrea Shalal, Tim Ahmann and David Brunnstrom in Washington, and Steve Scherer in Ottawa; Modifying by Cynthia Osterman and Peter Cooney

Our Requirements: The Thomson Reuters Belief Rules.

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