Justin Trudeau advocates private investment in lithium

To be a competitive, resilient and prosperous region, the Prime Minister of Canada, Justin Trudeau He recommended that Mexico allow private investment in its so-called “critical” minerals like lithium, so that the North American region becomes a leader in the production of electric cars.

During his visit to our country, the politician held a private meeting on Monday with members of the North American business community organized by the Business Coordinating Council (CCE), the United States Chamber of Commerce and the Business Council of Canada.

In it, the first Canadian president called for preserving trilateral trade as an axis of prosperity for the region, but certain conditions are required to provide jobs to citizens.

Trudeau, who is in Mexico to attend the North American Leaders’ Summit (CLAN), assured that Canada is a reliable partner in the trilateral trade relationship and offered to exploit its mining companies to get the most out of minerals. reviews that lead to the development of electric cars and create jobs for citizens.

The electric cars that citizens want to drive use essential minerals, and Canada has released the essential materials to see the opportunities we have and be a leader in the shift to a clean energy economy,” said the President Trudeau.

He assured that there are great advantages and opportunities in the automotive, agribusiness and renewable energy sectors, so the world is looking to North America to create them.

In August 2022, the Mexican government announced the creation of the public company LitioMX, in the state of Sonora, which will be in charge of managing the exploitation of lithium in Mexico, as established by a law reform mine approved in April of the same year. anus.

However, as the President himself acknowledged Lopez ObradorThis does not eliminate the possibility that private companies may participate in mining activity.

In this regard, the Canadian politician affirmed that his country is a stable and reliable partner and stressed that Canadian mining companies exercise responsible practices with the environment.

“In Canada, we have almost half of the mining companies. We are present in many countries and I am happy to see many colleagues in this activity,” said the Canadian president.

PI: there is great potential

Meanwhile, business representatives from Mexico, the United States and Canada have asserted that there are great investment and growth opportunities for the North American region, but to take advantage of them they demand that respective governments guarantee full respect for the USMCA, the rule of law and energy security. .

As part of the trilateral Business Summit parallel to the CLAN, Francisco Cervantes, President of the Business Coordinating Council (CCE) He said, “To realize all of these opportunities, it is essential that governments ensure full respect for the treaty, the rule of law, legal certainty, as well as energy security to make North America the region more attractive to investors, because we are in competition with the whole world”.

Myron Brilliant, Executive Vice President and Director of International Affairs of the United States Chamber, noted that at the meeting to be held by the leaders of the three countries, “our leaders have an obligation to promote shared prosperity and inclusive growth across the continent at a time of global uncertainty.

Before Justin Trudeau, Canada’s first president, Goles Hyder, president of the Business Council of Canada, ordered, “We can’t wait, we must act.

lilia.gonzalez@eleconomista.mx

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