Mexico hopes deal possible in U.S. trade dispute before panel -minister
Reuters
Published Aug 24, 2022 06:25PM ET
Updated Aug 24, 2022 06:36PM ET
MEXICO CITY (Reuters) - Mexico hopes it can resolve a trade dispute with the United States before the matter reaches an arbitration panel, Foreign Minister Marcelo Ebrard said on Wednesday.
Speaking as officials hold talks over a U.S.-led complaint against Mexico's plans to strengthen state control of energy at the expense of private firms, Ebrard said his basic scenario was that a deal would be reached and that "we don't have a panel."
"It's better for both countries to reach agreement before getting to a panel," he told a group of business leaders, noting that Mexico also had complaints about certain U.S. policies.
Ebrard was emphatic his government would not propose leaving the United States-Mexico-Canada (USMCA) trade agreement or put it at risk, even if the dispute did go to a panel.
The United States on July 20 unveiled its demand for dispute settlement talks, arguing Mexico's energy policies discriminated against its companies. Canada quickly joined the U.S. complaint.
Under USMCA rules, if the complaint is not resolved within 75 days, a dispute panel can be requested to review claims.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.