The U.S. Chamber of Commerce (USCC) has approved the initiation of a dispute settlement panel process with Mexico under the USMCA in a case involving the energy industry.
“The Chamber applauds this important step to address the troubling measures Mexico is advancing in its energy sector that, in our view, violate the country’s commitments under USMCA ,” said USCC Senior Vice President for the Americas Neil Herrington.
U.S. Trade Representative Katherine Tai announced Wednesday that the United States has requested dispute settlement consultations with Mexico under the USMCA .
The consultations relate to certain Mexican measures that harm U.S. companies and U.S.-produced energy in favor of Mexico’s state-owned electricity utility, Comisión Federal de Electricidad (CFE), and state-owned oil and gas company, Petroleos Mexicanos (Pemex).
“We have repeatedly expressed our concerns with the direction of these policies, which have unfairly harmed U.S. businesses and are at odds with our shared goals of generating reliable energy, sustainable growth and a lasting economic recovery,” the USCC said.
Last week, the U.S. Chamber co-hosted the 12th U.S.-Mexico CEO Dialogue, which convened business and government leaders to discuss challenges and opportunities in the bilateral relationship.
Chamber of Commerce
“The CEOs expressed concern about the investment climate in Mexico and called on the Mexican government to uphold its commitments to the USMCA , particularly on energy,” the USCC added in a press release.
Tai announced that the consultations relate to certain Mexican measures that disadvantage U.S. companies and U.S.-produced energy in favor of CFE and Pemex.
“We appreciate the Biden Administration’s attention to these important issues, and we are committed to working with both governments to successfully address them and ensure that North America is the most dynamic and competitive region in the world,” said Neil Herrington.