Mexico is interested in resolving the ongoing energy dispute under the treaty between Mexico, the United States and Canada (USMCA), said marie ngCanada’s Minister of Small Business, Export Promotion and International Trade.

“There are ongoing discussions and there seems to be a way and an interest from the Mexican government to work with Canadian investors and companies,” Ng said on Friday, Inside Trade reported.

May 2nd, Global Affairs Canada noted that the governments of the United States and Canada share challenges related to reforms in the energy and mining sectors in Mexico.

Global Affairs Canada is the department of the Canadian government that manages Canada’s diplomatic and consular relations, promotes Canadian international trade, and leads Canada’s international development and humanitarian assistance.

These challenges were discussed in a meeting between Ng and Katherine TaiUS Trade Representative in Ottawa.

Ng and Tai on the same day underlined the importance of their two countries’ collaboration with Mexico to strengthen competitiveness throughout North America.

“To this end, they discussed continuing to work together to address common challenges related to reforms in Mexico’s energy and mining sectors, as well as not taking actions that undermine mutual prosperity,” a statement said. Global Affairs Canada. .

Mexico made legislative changes to strengthen Pemex and the Federal Electricity Commission (CFE) and has limited to some extent the participation of private companies in the energy sector, while a reform of the mining sector approved by the Chamber of Deputies is under consideration in the Senate, which reduces the duration of the concession of mines and increases the contributions of mining companies, among other aspects.

At the end of April, Ng became concerned about the mining reform in mexicostill pending approval in the Mexican Congress.

“The Minister expressed concern about mining reforms proposed by Mexico, which could affect Canadian investment in the mining sector in Mexico, as well as the potential impacts on North America’s competitiveness and the resilience of the supply chain. ‘supply,’ she said. .

“The Minister reiterated the importance of conducting broad and transparent consultations with all interested parties regarding the proposed reforms, including Canadian companies, which represent the largest group of foreign investors in the Mexican mining sector”, a- she added.

roberto.morales@eleconomista.mx