Friday, February 3, 2023

Mexico and Canada discuss investment and energy issues

Canadian investments in Mexico, particularly in mining and a gas pipeline project to the Mexican southeast, as well as problems for Canadian companies in the electricity sector were the focus of a meeting on Wednesday between President Andres Manuel López Obrador and Canada’s prime minister. ., Justin Trudeau.

Citation The summit of the three North American leaders was held after Which was also attended by American Joe Biden and which took place a day earlier with the shared objective of having a strong North America in economic, commercial and migration management matters.

López Obrador observed that Canadian investments in Mexico are on the rise and said that this is why problems arise, but he promised to get Trudeau “companies that may have pending issues, some of the government’s attitude disagree.”

“We are always ready for talks,” he said.

Canada, along with the United States, points to Mexico for violating the North American Free Trade Agreement because the country has laws in the electricity sector that favor Mexican state energy companies over private and foreign investors focused on clean energy.

Trudeau described the alliance with Mexico as “very solid” because both are “progressive countries”, indicated that the relationship has deepened in recent years, and said the two leaders would like to further strengthen the ties and make common contributions to the alliance of North America. were working for.

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