Canada and the United States, at a summit of North American leaders, seek to resolve a dispute over measures to attract more foreign investment in Mexico in favor of Mexican energy companies, Canadian Prime Minister Justin Trudeau said.
Last year, the two countries launched talks with the Latin American country to resolve disputes under the North American trade agreement, TMEC, arguing that Mexico’s energy policies are discriminatory and undercut foreign companies.
“Both the President of the United States, Joe Biden, and I, along with the President of Mexico, Andres Manuel López Obrador, are going to be very clear about this as a way to help develop, to attract investment from companies in Mexico. should be understood in. Canada and the United States,” he said.
Asked whether he expected progress on the issue at the Mexico City summit, he replied: “Absolutely.”
Trudeau will arrive in the Mexican capital on Monday for a three-day visit that will include bilateral meetings with Biden and López Obrador. Apart from this, he will also meet business leaders of the three countries.
López Obrador has vowed to reactivate the state-owned Comisión Federal de Electricidad (CFE) and Petroleos Mexicanos (Pemex), which he says were deliberately undermined by his predecessors and left the local market open to foreigners. was handed over to
“I understand that he wants to put more emphasis on state-owned energy companies,” Trudeau said at his office in Ottawa, but it has to be done responsibly, in a way that he (TMEC) is part of and it Gotta follow those rules.”
The United States and Canada question changes to Mexican law that prioritize the distribution of electricity generated by CFEs over cleaner sources of electricity provided by private sector providers, such as wind and solar.
“Canadian companies have invested approximately C$13 billion ($9.675 billion) in energy infrastructure. In Mexico, there’s 5 billion Canadian dollars exclusively in renewable energy,” he said.
Trudeau pointed to supply chains, the war in Ukraine, inflation and high interest rates, saying talks with Biden are likely to focus on “maximizing economic opportunity” as “major” economic turbulence looms in the coming months.
This is the itinerary of President of Mexico Andres Manuel López Obrador along with President of the United States Joe Biden and Prime Minister of Canada Justin Trudeau for the North American Summit.
The President of the United States of America, Joe Biden, arrived in Mexico today at 6:30 pm at the Felipe Angeles airport.
Canadian Prime Minister Justin Trudeau will arrive at the same airport tomorrow at 2:40 pm.
- Biden will arrive at the National Palace on Monday at 4:15 pm and will be received by López Obrador.
- 4:30 pm. Chat between politicians and their wives.
- 4:45 PM Conversation between López Obrador and Biden.
- 17:00 hours. Bilateral Mexico-European Union meeting.
- 6:30 pm. end the meeting.
- 6:35 pm Prime Minister Trudeau and his wife reached the National Palace.
- Greetings from the three leaders and their wives to begin with the trilateral dinner at 6:45 pm.
North America Summit
- 11:30 AM. The Prime Minister of Canada arrives at the National Palace.
- 11:35-11:40 a.m. Biden arrives to begin reception ceremony and take official photos.
- 12:00 PM. Lunch with the delegations participating in the Summit.
- 1:30 pm. A formal trilateral meeting of delegations from Mexico, the United States and Canada began.
- 3:30 pm. Message of the three leaders to the media in the central courtyard.
- 11:00 AM. Prime Minister of Canada, Justin Trudeau, returns to the National Palace and talks with President Andres Manuel López Obrador and their wives.
- 11:15 AM The bilateral meeting between the leaders of Mexico and Canada begins at the National Palace.
- 12:20 p.m. Signing of an MoU between the National Institute of Indigenous Peoples and Saranac, Canada.
- At 12:55 p.m. The North American Summit ends and Prime Minister Trudeau leaves.