The financial institution JP Morgan said that the scenario for Mexico, due to the controversies demanded by the United States and Canada, is not positive, for which it considers it “likely” that President Andrés Manuel López Obrador will “bend” and be more flexible on the energy policies she has implemented so far.
He assured that the major damages, if found in favor of its trading partners, would force the country to make a global payment for the damages and even the imposition of tariffs.
Andrés Manuel López Obrador is likely to fold as the stakes are simply too high, but what is worrying is how far he has already taken him and how far he looks set to go.
It should be remembered that, within the framework of the T-MEC, consultations were requested to resolve the controversies that generated the changes and policies in the field of energy, which were considered discriminatory, since they already affect US businesses and investments and the United States, like Canadians.
UNCERTAINTY
JP Morgan says energy policy changes, primarily in the electricity sector, have undermined international business and cross-border supplies.
Under USMCA rules, if the complaint is not resolved within 75 days, the U.S. Trade Representative may request a dispute resolution panel to review the claims, in which Canada is also expected to participate. . It would be expensive in Mexico,” he commented.
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