US starts trade dispute over Mexico’s energy policy

OAshington criticizes Mexico for having taken measures to favor its own public energy companies – CFE for electricity and Pemex for oil and gas – over private American companies. The United States laments that this undermines the development of clean energy sources and penalizes companies investing in Mexico.

This change in the Mexican government’s energy policy has “an impact on the economic interests of the United States in several sectors”, deplored the American ambassador for trade, Katherine Tai.

This “discourages investment from clean energy providers and businesses looking to buy clean, reliable power,” he added.

10 billion dollars of American investments in Mexico could be threatened, according to Washington, which claims to have tried – in vain – to resolve the problem, through dialogue, with the Mexican authorities.

“The Mexican government expresses its willingness to reach a mutually satisfactory solution during the consultation phase,” Mexico’s economy ministry said in a statement today.

The American procedure is part of the United States-Mexico-Canada Agreement (USMCA), in force since July 2021, replacing the North American Free Trade Agreement (NAFTA) of 1994.

Read also: The United States allocates 2,250 million to fight against the effects of climate change

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Elmer Hayward

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