Main topics at North American Summit
2023.01.08 09:58
Main topics at North American Summit
Budrigannews.com – At a meeting this week, leaders from North America want to give economic ties a new push, even though a big fight continues over Mexico’s energy policies, which have kept them from working together on other things like immigration.
The first summit between the three since late 2021 will take place in Mexico City between Monday and Wednesday, when Mexican President Andres Manuel Lopez Obrador will host his counterpart from the United States, Joe Biden, and Canadian Prime Minister, Justin Trudeau.
This week, Lopez Obrador stated, “A meeting like this is so that we keep moving forward on economic integration.”
Nonetheless, Mexico remains embroiled in an energy dispute with the United States and Canada, who claim that Lopez Obrador’s campaign to give control of the market to his cash-strapped state energy companies has disadvantaged their businesses.
Lopez Obrador, a combative leftist, claims that his policy is a matter of national sovereignty because previous governments skewed the energy market in favor of private interests.
Washington and Ottawa believe that his actions violate the United States-Mexico-Canada (USMCA) trade agreement. As a result, they have initiated dispute resolution proceedings against Mexico, which has dampened enthusiasm for cooperation in the areas of employment and investment.
Friday, Trudeau told Reuters that he would argue that resolving the energy dispute would encourage more foreign investment in Mexico and that he was confident that progress would be made.
Others contend that negotiations are over.
Director of tax and trade policy at the American Petroleum Institute, where ExxonMobil (NYSE:) is a member, Aindriu Colgan likewise Chevron (NYSE:) stated that “Mexico is blatantly violating the USMCA” necessitated the appointment of a dispute panel.
Prior to the summit, officials have tempered expectations for a significant resolution to the energy dispute while simultaneously emphasizing the shared economic interests of North America.
Andres Rozental, a former Mexican deputy foreign minister, stated, “They will do their utmost to make it appear to be a happy gathering.” Biden will be content as long as Lopez Obrador prevents migrants from entering the border region.
Policymakers have increased their calls for businesses to relocate their operations out of Asia in order to strengthen the economy of the region in the wake of the COVID-19 pandemic, which disrupted supply chains.
In protest of Biden’s exclusion of Cuban, Venezuelan, and Nicaraguan leaders, Lopez Obrador rejected Biden’s invitation to the Summit of the Americas in Los Angeles in June. As part of this push, Lopez Obrador wants to talk about his plan to increase solar power in northern Mexico and get financial support from the United States for it.
After this week’s announcement of a new migration plan and the capture of a prominent cartel boss in Mexico, the aides to Biden say they anticipate a positive atmosphere at the gathering.
The Sinaloa Cartel, a gang that is blamed for contributing to a surge in the number of fatal overdoses of synthetic opioid fentanyl in the United States, is led by Ovidio Guzman, the son of jailed kingpin Joaquin “El Chapo” Guzman.
Stopping the flow of fentanyl, according to the U.S. government, will be an important part of talks about fighting drug cartels. Climate change, supply chains, and immigration would all be topics of discussion.
On the condition of anonymity, a U.S. official stated that any tensions over Lopez Obrador’s June snub had subsided and that the two presidents were better able to collaborate.
The government of Mexico has repeatedly pleaded with the United States to allocate funds to Central America and southern Mexico in order to promote development and prevent migrants from one of the continent’s poorest regions from migrating northward.
Additionally, it has urged Washington to make it easier for migrants to find work in the United States. Due to a condition on facilitating migrant entry via air, a Mexican official stated that the Thursday-unveiled deal that broadened border expulsions would accomplish this.
Mexico’s recent plan to ban the import of genetically modified corn has also caused concern in the United States. He stated that the issue would be discussed, even though Lopez Obrador’s government agreed to delay the ban until 2025.
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