WASHINGTON/MEXICO CITY (Reuters) - The United States on Wednesday requested dispute settlement consultations with Mexico under a regional trade deal over Mexican energy policies that it considers discriminatory and says 'undermine' American firms and U.S.-produced energy.
FILE PHOTO: Excess natural gas is burnt, or flared, from Mexican state-owned Pemex's Tula oil refinery, located adjacent to the Tula power plant belonging to national power company Comision Federal de Electricidad, or CFE, in Tula de Allende, north of Mexico City, Mexico June 22, 2020. REUTERS/Henry Romero/File Photo
USTR said the requested consultations relate to Mexican measures that it argues disadvantage U.S. firms in favor of Mexican state-owned power utility Comision Federal de Electricidad and oil producer Petroleos Mexicanos . "We have repeatedly expressed serious concerns about a series of changes in Mexico's energy policies and their consistency with Mexico's commitments under the USMCA," U.S. Trade Representative Katherine Tai said in the announcement.
Mexico's Supreme Court in April upheld contentious electricity legislation passed in 2021 that mandates that CFE should take priority over privately-run power providers on dispatch, or when plants come online.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tokyo stocks open higher on US gains with eyes on BoJTOKYO, July 20 — Tokyo stocks opened higher today as investors took heart from US rallies and other positive factors while awaiting a Bank of Japan policy decision later this...
Read more »