US business chambers warn of damage to T-MEC with Plan C

by times news cr

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Las reforms constitutional reforms that are being debated in Mexico, such as changes to the judiciary, may violate the Free Trade Agreement between Mexico, Canada y USA (T-MEC), nine American business chambers warned.

In a letter sent to the secretary of State American, Antony Blinkenthe private sector entities of the US, criticized the possibility of eliminating autonomous bodies.

They said the decision weakens investor protection and prohibits sales of certain U.S. agricultural products, as well as affecting open-pit mining.

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If all judges are removed as proposed in the judicial reform, there will be “significant risks to the fundamental rule of law and the administration of justice in Mexico.”

Several of these proposals violate Mexico’s obligations under the USMCA, the business groups said in the letter sent to Blinken.

The signatory chambers are: Advanced Medical Technology Association, American Chemistry Council, American Clean Power Association, American Petroleum Institute, Coalition of Services Industries, Electronic Components Industry, Association Information Technology Industry Council, National Association of Manufacturers y National Mining Association.

“We are deeply concerned that the constitutional amendments will harm not only Mexico’s attractiveness as a place to invest and do business, but also the potential for North America to maintain its competitive position in an increasingly complex global economy,” they stressed.

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He Government of Mexico proposed the so-called Plan C which deals with 18 constitutional changes, among which stand out changes to the Judicial Branch of the Federation where they will say goodbye to the 7 thousand 500 judges in the country and new authorities will be selected through popular vote, something unprecedented.

LEO

2024-08-27 15:48:33

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