Canada concerned about investment climate in Mexico


July 7 (Reuters) – The Canadian government on Thursday expressed concern about the investment climate in Mexico’s energy and mining sectors, as well as the attitude of Latin America’s second-largest economy towards approvals of biotechnology.

During the North American trade talks in Vancouver, Canadian Trade Minister Mary Ng met with Mexican Economy Minister Tatiana Clouthier, reaffirming their shared commitment to promoting trade and regional competitiveness, the Minister said. Canadian government.

However, in a statement, he said Ng reiterated Canada’s concern “about the investment climate in Mexico, particularly in its mining and energy sectors”, as well as “Mexico’s approach to approvals biotechnology”.

Mexican President Andres Manuel Lopez Obrador, a left-wing resource nationalist, has tightened state control over the energy and mining industry, causing friction with some of the country’s major trading partners and business investors.

The ministers also discussed the creation of a “Canada-Mexico high-level economic dialogue” to set up a new forum aimed at boosting cooperation and competitiveness, Canada said.

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Written by Dave Graham Editing by Chris Reese

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