The governments of the United States and Canada have claimed that Mexico’s energy policy continues to “threaten American and Canadian investments”.
U.S. Trade Representative Katherine Tai met virtually today with Canadian International Trade Minister Mary Ng.
The two governments gave their version of the meeting.
The United States said officials discussed ongoing consultations under the United States-Mexico-Canada Agreement (TMEC) on “Mexican energy measures that continue to threaten U.S. and Canadian investments.”
The Government of Canada reported that the ministers “reiterated their common concern regarding the impact of Mexico’s energy sector reforms on trade and investment and underscored the importance of working with Mexico to resolve the problem”.
Ministers recognized the close relationship between the two countries and stressed the importance of cooperation to strengthen North American economic integration.
On bilateral issues, Tai expressed concern over Canada’s proposed digital services tax.
He spoke out in favor of legislation in the Canadian Parliament that could affect digital streaming services and online news sharing.
According to the analysis of United Statesthis could discriminate against American companies.
The two agreed to continue working together to resolve these and other issues.
The Canadian minister stressed the importance of a strong system of Multilateral trade supported by the WTO.
In particular, he stressed the importance of a dispute resolution system It works well.
United States and Canada activated the T-MEC mechanism to discuss the Mexican energy policy.
Mexico hopes that a preliminary agreement will be reached, before an international panel is convened.
Foreign governments argue that Mexico has policies that hurt business in favor of CFE and Pemex.
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