Breaking News
Investing Pro 0
Cyber Monday Extended SALE: Up to 60% OFF InvestingPro+ CLAIM OFFER

Mexico lauds U.S. commerce secretary for stance on energy spat

Commodities Sep 13, 2022 03:13PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: Mexico's President Andres Manuel Lopez Obrador gestures during a news conference at the National Palace in Mexico City, Mexico, June 20, 2022. REUTERS/Edgard Garrido//File Photo

MEXICO CITY (Reuters) - Mexican President Andres Manuel Lopez Obrador on Tuesday hailed U.S. Commerce Secretary Gina Raimondo for her attitude in talks this week, saying she gave no indication of wanting to punish Mexico over an energy dispute between the two countries.

Raimondo was part of a senior U.S. delegation led by Secretary of State Antony Blinken that came to Mexico on Monday for discussions with Lopez Obrador and other top Mexican officials principally focused on economic relations.

"I was very struck by the proactive, friendly attitude of the secretary of commerce," Lopez Obrador told a regular news conference. "There was no sense that they are going to punish Mexico for its energy policy."

"The word tariff or sanction wasn't even used, nothing," he added, saying there was no cause for such measures and stressing that the two sides wanted to deepen economic ties.

In July, the office of the U.S. Trade Representative (USTR), which belongs to the executive office of the president and is not part of the Commerce Department, demanded dispute settlement talks with Mexico over Lopez Obrador's energy policies.

The USTR complaint, which Canada joined, argued Lopez Obrador's drive to tighten state control of the energy market was unfair to its companies and likely in breach of the United States-Mexico-Canada Agreement (USMCA), a regional trade deal.

The dispute, which Lopez Obrador has cast a matter of national sovereignty, is arguably the biggest to surface under USMCA since it came into effect in 2020. If unresolved, it could lead to the imposition of trade tariffs against Mexico.

Lopez Obrador said the U.S. officials had shown respect for Mexico's energy policy and its sovereignty during the talks.

Mexico lauds U.S. commerce secretary for stance on energy spat
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email