News Tech: MEXICO CITY, Aug 24 (Reuters) – Mexico hopes it can resolve a trade dispute with the United States before the matter reaches an arbitration panel, Foreign Minister Marcelo Ebrard said on Wednesday.
“It’s better for both countries to reach agreement before getting to a panel,” he told a group of business leaders, noting that Mexico also had complaints about certain U.S. policies.
Speaking as officials hold talks over a U.S.-led complaint against Mexico’s plans to strengthen state control of energy at the expense of private firms, Ebrard said his basic scenario was that a deal would be reached and that “we don’t have a panel.”
Ebrard was emphatic his government would not propose leaving the United States-Mexico-Canada (USMCA) trade agreement or put it at risk, even if the dispute did go to a panel.
Source: Reuters Trust Principles.