The frictions in the Treaty between Mexico, the United States and Canada (T-MEC), which will foreseeably be addressed at the North American Leaders Summit to be held in Mexico City from January 9 to 11, will mark the economic future from the country.
Mexico was called to consultations by the United States and Canada as a result of the proposal for constitutional reform in energy matters promoted by President Andrés Manuel López Obrador (AMLO), which sought to give priority to the Federal Electricity Commission (CFE) over foreign investment and which was finally stopped by Congress.
If an agreement is not reached in this area and Mexico receives sanctions, the national economy would be strongly affected and could fall into recession, said Gabriela Siller, director of Economic Analysis at Grupo Financiero Base.
“The open consultation process is the greatest economic risk for our country. The worst would be the imposition of tariffs. Without the (commercial) relationship with the United States, the possibility of a recession remains ”, commented.
The specialist remarked that although more than a quarter of Mexico’s Gross Domestic Product (GDP) depends on the United States, the country of the North also needs Mexican trade, for which reason it is being cautious.
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