ANL 22.45 Decreased By ▼ -0.65 (-2.81%)
ASC 15.96 Decreased By ▼ -0.14 (-0.87%)
ASL 22.40 Increased By ▲ 0.15 (0.67%)
BOP 8.40 Decreased By ▼ -0.15 (-1.75%)
BYCO 8.80 Decreased By ▼ -0.16 (-1.79%)
FCCL 17.91 Decreased By ▼ -0.16 (-0.89%)
FFBL 24.95 Increased By ▲ 0.50 (2.04%)
FFL 17.32 Decreased By ▼ -0.58 (-3.24%)
FNEL 8.23 Decreased By ▼ -0.17 (-2.02%)
GGGL 21.43 Decreased By ▼ -0.66 (-2.99%)
GGL 41.20 Decreased By ▼ -1.98 (-4.59%)
HUMNL 7.05 Increased By ▲ 0.03 (0.43%)
JSCL 20.35 Decreased By ▼ -0.50 (-2.4%)
KAPCO 37.96 Increased By ▲ 0.06 (0.16%)
KEL 3.55 Decreased By ▼ -0.06 (-1.66%)
MDTL 2.99 Decreased By ▼ -0.01 (-0.33%)
MLCF 36.67 Increased By ▲ 0.37 (1.02%)
NETSOL 151.40 Decreased By ▼ -1.90 (-1.24%)
PACE 5.85 Decreased By ▼ -0.13 (-2.17%)
PAEL 31.10 Decreased By ▼ -0.10 (-0.32%)
PIBTL 9.31 Decreased By ▼ -0.05 (-0.53%)
POWER 7.91 Increased By ▲ 0.01 (0.13%)
PRL 20.25 Decreased By ▼ -0.60 (-2.88%)
PTC 10.34 Decreased By ▼ -0.06 (-0.58%)
SILK 1.71 Increased By ▲ 0.04 (2.4%)
SNGP 44.67 Increased By ▲ 1.48 (3.43%)
TELE 22.20 Increased By ▲ 0.14 (0.63%)
TRG 174.60 Increased By ▲ 1.10 (0.63%)
UNITY 35.60 Decreased By ▼ -0.60 (-1.66%)
WTL 3.18 Decreased By ▼ -0.07 (-2.15%)
BR100 4,961 Decreased By ▼ -18.06 (-0.36%)
BR30 24,423 Decreased By ▼ -37.02 (-0.15%)
KSE100 46,528 Decreased By ▼ -107.87 (-0.23%)
KSE30 18,422 Decreased By ▼ -58.36 (-0.32%)

Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
27,246
4024hr
Pakistan Cases
1,226,008
2,16724hr
4.22% positivity
Sindh
450,787
Punjab
422,790
Balochistan
32,769
Islamabad
104,242
KPK
171,388
Markets

US, Canada raise concern over Mexico energy, investment climate

  • Canadian Trade Minister Mary Ng reiterated Canada's ongoing concern with the investment climate in Mexico specifically in energy and mining sectors
08 Jul 2021

MEXICO CITY/WASHINGTON: Trade ministers from the United States and Canada expressed concern about Mexico's energy policies on Wednesday, as they met with their Mexican counterpart to mark the one-year anniversary of a regional trade pact.

US Trade Representative (USTR) Katherine Tai told reporters during a joint news conference that the United States is following Mexican President Andres Manuel Lopez Obrador's approach to the oil and power sectors and seemed to suggest underlying differences.

"With respect to the energy policies that we see being discussed and envisioned by the Lopez Obrador administration, we are watching very closely... we are raising our concerns; we are here to engage," said Tai, without citing specific issues.

Her answer came in response to a question about the Mexican government's decision late last week to choose state-owned Pemex to run a major shared oil find instead of a private consortium led by US oil company Talos Energy, which made the discovery in 2017.

Canadian Trade Minister Mary Ng reiterated Canada's "ongoing concern with the investment climate in Mexico specifically in energy and mining sectors," but also welcomed the expected reopening of the San Rafael mine operated by Canadian miner America's Gold and Silver Corp.

Taiwan and US restart trade talks despite China opposition

The mine in northern Mexico will reopen following an extended labor dispute.

Tai and Ng met in Mexico City with Mexican Economy Minister Tatiana Clouthier at the one-year anniversary of the entry into force of the United States-Mexico-Canada Agreement.

In a statement USTR said Tai also held a meeting with Mexico's Agriculture Minister Victor Villalobos, along with Clouthier, where she emphasized the importance of Mexico immediately resuming authorization of biotech products, like genetically modified grains.

The USTR chief also inquired about expanding access for US fresh potatoes in Mexico and protecting an endangered porpoise, illegal fishing in the Gulf of Mexico and sea turtle bycatch.

Comments

Comments are closed.