US, Canada Express Concerns About Mexico Energy Policies - Trade Representative
Umer Jamshaid Published July 08, 2021 | 05:20 AM
WASHINGTON (UrduPoint News / Sputnik - 08th July, 2021) The United States and Canada have jointly expressed concerns about the Mexican government's attempts to increase state representation in energy projects involving international investors, US Trade Representative Katherine Tai said.
Speaking at a live-streamed news conference in Mexico City where she was joined by Canadian Trade Minister Mary Ng and her Mexican counterpart Tatiana Clouthier, Tai said the two countries were closely watching the energy policies of the Mexican government and raising concerns.
"Of course, we're both concerned and that's what we have expressed at this meeting," Tai said during the first anniversary of the US-Mexico-Canada Agreement on Wednesday.
In April, the Office of the US Trade Representative voiced concerns about the worsening climate for US energy investors in Mexico.
The statement came after Mexican President Andres Manuel Lopez Obrador attempted to reverse previous reforms that enticed foreign investors and sought to strengthen the state's role in the energy sector, including bolstering the state oil company Petroleos Mexicanos.
Obrador's interventions upset some of Mexico's main allies, including the United States, Canada and major European countries, and angered investors who believe the government is violating their rights under trade agreements Mexico signed.
US energy companies have also expressed concerns about extended delays on permit approvals for retail fuel stations, as well as efforts by Petroleos Mexicanos to wrest away operational control of a big shared crude deposit discovered by a US-led consortium three years ago.
Related Topics
Recent Stories
PSX gains 771 points
PITB HR Wing organizes Eid Milan celebration for children at PITB Day Care Cente ..
Cabinet briefed on progress of PIA privatization
Meeting held to streamline trade between Pak-Afghan , Central Asian Republics
SONY x TECNO - is this for real?
Progress of Aaghosh, Bunyad, Khud Mukhtar programs discussed
PTI to stage nationwide protests against alleged electoral frauds
Senate continues discussion on Presidential address to Joint Sitting of Parliame ..
Masood Khan calls for Pak-US cooperation for regional peace
Interior Minister starts Margalla Trail Patrol for security
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
Today Gold Rate in Pakistan 26 April 2024
More Stories From World
-
UK man charged with 'Russia-backed arson plot' on Ukraine-linked targets
14 minutes ago -
EU toughens safety rules for online retailer Shein
14 minutes ago -
French barber still trimming at 90
14 minutes ago -
Barrett inspires Crusaders' return to form against Rebels
24 minutes ago -
Philippine settlement submerged by dam reappears due to drought
24 minutes ago -
Blinken says US campus protests part of 'democracy'
44 minutes ago
-
Vietnam National Assembly head resigns amid graft purge
1 hour ago -
Team from Gaza mediator Egypt heads to Israel: source
1 hour ago -
Xi tells Blinken US, China should be 'partners, not rivals'
1 hour ago -
Ukraine agriculture minister freed on bail in corruption case
2 hours ago -
Vietnam National Assembly head resigns amid graft purge
2 hours ago -
Calls for mosque demolition weigh on India's Muslim voters
2 hours ago