Since talks between the two nations haven’t succeeded in closing the rift between them, the panel may be the way to resolve the dispute, US Ambassador to Mexico Ken Salazar said in an interview. At issue is whether Mexico is restricting private investment in the energy sector in violation of the terms of the US-Mexico-Canada Agreement of 2020.
Dispute panels are the final in a series of steps under the USMCA that seek to resolve trade issues between the countries involved. If the panel rules the policies are inconsistent with the trade pact, it could ultimately result in tariffs for Mexico.
The US in July 2022 requested a settlement consultation process that has been drawn out. Mexico’s moves to prioritize energy from its state utility over private renewables companies, as well as denials and revocations of US firms’ abilities to operate in the country’s energy sector, are among the issues the US is concerned about, government officials wrote then. The law is under review by Mexico’s Supreme Court.
Over the past months, Lopez Obrador met with individual US and Canadian companies to discuss the issue on permits.
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