Canada also has its “plan B”… if you consult on T-MEC with Mexico, they don’t work – El Financiero

Canada seeks a quick solution consultations on energy issues with Mexicotherefore of did not find a satisfactory answer will be able to explore new options, said Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, on Thursday.

During her meeting with Economy Secretary Raquel Buenrostro at the Pacific Alliance Summit, the Canadian Minister shared Canada’s current concerns in bilateral relations with Mexico, including investment issues and the regulatory climate in the mining and energy sectors.

“Minister Ng noted Canada’s strong desire to resolve concerns about Mexico’s energy sector reform measures, which were raised during USMCA consultations, and made it clear that Canada could explore other options available to resolve this dispute,” Ottawa said in a statement.

What’s in the “head” of Canada?

Another concern for Canada is that Mexico does not make trade decisions based on sciencein particular by the presidential decree of Andrés Manuel López Obrador of ban the import of genetically engineered maize and the use of glyphosate.

“The Minister underlined the importance of following science-based regulatory approaches for biotechnology approvals and raised concerns about the Presidential Executive Order 2020 in the face of current global food security challenges,” he said. she declared.

During the meeting, they discussed the importance of the Canada-Mexico trade relationship and Canada’s commitment to deepen the relationship through bilateral initiatives such as the High Level Economic Dialogue to improve bilateral trade and investment relations.

Ottawa said that for Canada, a key priority in the discussion was to help ensure that workers and businesses in both countries can take full advantage of the benefits of the USMCA.

Mona Watkins

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