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Trudeau aims to Resolve its Dispute With Mexico Over Energy Policies at Upcoming Summit

Lopez Obrador and Justin Trudeau

Prime Minister Justin Trudeau announced last Friday that he would try to settle a disagreement at this week’s North American leaders summit over measures that benefit Mexican energy companies and encourage more international investment in Mexico.

“Both (U.S) President (Joe) Biden and I are going to be… fairly clear with President (Andres Manuel) Lopez Obrador that this… needs to be understood as a way to help Mexico develop, a way to continue to draw in investments from companies in Canada and the United States,” said Trudeau.

Trudeau answered, “Absolutely,” when asked if he expected progress to be made during the summit in Mexico City.

After arguing that Mexico’s energy policies were discriminatory and hurt international companies, the United States and Canada launched dispute settlement negotiations with Mexico last year under the North American trade agreement known as the USMCA.

Beginning on Monday, Trudeau will start a three-day trip to Mexico City in which he will meet separately with Biden and Lopez Obrador.

“I understand he wants to put more of an emphasis on the state-owned energy companies,” Trudeau said regarding Lopez Obrador, “but it has to be done in a responsible way, in a way that understands that he’s a part of (USMCA) and he has to abide by those rules.”

He has stated that his message to the business community will be that the new trade agreement is “creating jobs, opportunity and growth across our countries.”

Supply chains, the crisis in Ukraine, inflation, and increased interest rates are all examples of potential factors of “economic turbulence” that Trudeau and Biden would likely discuss.

Original source material for this article taken from here

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Written by Olivia Woods

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