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[Síguenos ahora también en WhatsApp. Da clic aquí] On August 19, various organizations American Business They wrote a letter to US Secretary of State Antony Blinken expressing concern about
[Síguenos ahora también en WhatsApp. Da clic aquí]
On August 19, various organizations American Business They wrote a letter to US Secretary of State Antony Blinken expressing concern about proposed constitutional reforms in Mexico that could be approved in the next legislative period, which begins on September 1.
The companies that signed the agreement are involved in manufacturing, chemicals, technology, services, medical technology, mining and energy.
In the letter, the organizations note that although the Mexican government has sovereign right make changes to its constitution, the changes could negatively affect business relations and investments between the United States and Mexico.
“We believe that some of the proposed constitutional changes risk risk of spoiling business relations and long-standing investment agreements between the United States and Mexico, as well as the rights of U.S. companies under the United States-Mexico-Canada Agreement (USMCA).”
Photo: Archive
Moreover, they stress that approval of these reforms could “create uncertainty in our commercial relations and threaten undermine upcoming negotiations T-MEK as part of the review of the agreement in 2026.”
In this sense, they ask Secretary of State Blinken to raise these concerns and recommend them to the new government. Claudia Sheinbaum take a slower and more deliberate approach when considering amendments.
The letter notes that the current Mexican administration has proposed:almost two dozen amendments constitutional provisions for systemic changes in the Mexican government.”
They warn that the offers have intensified after the extensive victories of the Morena partyin state and federal elections in June, giving him a near-absolute majority in Congress.
“Morena’s party is now in a good position and seems to be intent on forced approval “These radical changes should be implemented as soon as possible,” the letter states.
Among the main concerns are proposed amendments designed to “weaken or even eliminate some autonomous regulatory bodies, such as the Federal Institute of Telecommunications, by dismissing the professional experts who comprise them.
In addition, for coding preferential treatment state-owned companies over private sector companies; weaken investor protection; and prohibit fully sale of agricultural products Americans and some species foreign investmentas open-pit mining.”
The organizations warn that the amendments could “harm not only Mexico’s attractiveness as a destination for investment and business, but also its potential North America maintain its competitiveness in an increasingly complex global economy.”
Photo: Archive
That’s why, they call take into account T-MEC’s commitments and costs agreement for both countrieswhich could be jeopardized if the amendments were adopted in the form in which they are currently proposed.
The letter was signed by the Association for Advanced Medical Technologies, the American Chemistry Council, the American Clean Power Association, the American Petroleum Institute, and the Industrial Services Coalition.
As well as the Electronic Components Association, the Information Technology Industry Council, the National Association of Manufacturers, and the National Mining Association.
Source: Aristegui Noticias
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