Canada concerned about investment climate in Mexico
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July 7 (Reuters) – The Canadian government on Thursday said it was concerned about the investment climate in Mexico’s energy and mining sectors, as well as the stance of Latin America’s second-largest economy on approving biotechnology.
During the North American Trade Negotiations in Vancouver, Canadian Trade Minister Mary Ng met with Mexican Economy Minister Tatiana Clouthier and reaffirmed their shared commitment to promoting trade and competitiveness in the region. said the Canadian government.
However, in his statement, Ng reiterated Canada’s concerns “about the investment climate in Mexico, particularly in its mining and energy sectors,” as well as “Mexico’s approach to biotech approvals.”
Mexican President Andrés Manuel López Obrador, a left-wing natural resources nationalist, has tightened state control over the energy and mining industries, leading to friction with some of the country’s major trading partners and business investors.
The ministers also discussed the creation of a “high-level economic dialogue between Canada and Mexico” to create a new forum to strengthen cooperation and competitiveness, Canada said.
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