2024-04-25 19:43:13
The decision of Government of Mexico to expropriate the French hydrogen plant
Liquid air inside the refinery Pemexin Tula, Hidalgo, and where its immediate occupation is ordered, generates investment uncertainty At times of change of Government, they considered specialists.
Making this decision about the French firm, at the end of the six-year term, also leaves with a
great responsibility to the new administration, he estimated Eduardo Pérez Mottaexpert
in competition and economic regulation.
“It is a worrying issue in the context that a change of Governmentwhich implies uncertainty about what the next administration will do.”
You may be interested: They spend 23.4 million pesos on failed candidacies and are investigated
Pérez Motta, former president of the Federal Competition Commission (2004-2013), commented that “It is very striking that a President who intends for
If someone close to you or from your party remains (in the presidential chair), carry out an expropriation when it’s about to leave”.
He added that if the new president is going to require something, it is to provide security
and legal certainty to investors and Mexicans in general, but, above all, to the
companies that want to reach the country.
Consulting partner Pérez Motta Estrada and Associatesan expert in international trade, insisted that it also generates uncertainty about the FTA and trade agreements with the European Union.
In case you missed it: Pantelhó, under siege for the third day and between crossfire
“This is not free, this is going to cost Mexico, since they (the French) will have their
defense mechanisms to recover the losses that this expropriation will generate.”
He added that with what is happening right now in Congress, with issues such as pensions and the Amparo Law, it is very delicate: “Uncertainty is going to have its maximum expression, in the coming months and in the transition to the next administration, both what is happening in terms of pensions and what is happening in terms of the Amparo Law.”
This decision, he commented, does not help to finalize the relocation, since we need to strengthen the road infrastructure, energy generation, and motor transportation, “and you do not know if the investment that you are going to risk in the country will be taken away from you tomorrow. I think it is a very delicate issue.”
In this regard, Ramses Pech, energy sector analyst, pointed out that the expropriation of
The hydrogen plant sets a precedent in which it will not be known if a company that wins a contract or service can have its investment taken away.
“The problem with everything is that this creates a precedent and creates uncertainty, given the lack of clarity of how a company can invest now that the issue of energy is limited,” he explained. He pointed out that Pemex y CFE They intend to assume themselves as the guarantors of everything, where companies must be hired through tenders.
In case you missed it: Opposition candidates leave the race after threats
He pointed out that a lot of uncertainty is generated, and now depending on the type of contract signed with any State company, the considerations for an expropriation will have to be specified.
Air Liquide will now have to know if it can recover its investments made and know how they are going to remedy the losses, since they came to produce hydrogen as stipulated in their contract, added Ramses Pech.
DG
Related
2024-04-25 19:43:13