LatinNews Daily - 24 April 2026

*The US ambassador to Mexico, Ronald Johnson, has said there may soon be “significant action” against bribery and corruption under the framework of the US-Mexico-Canada Agreement (USMCA). Speaking at a groundbreaking ceremony of a methanol project run by US firm Pacífico Mexinol in Mexico’s Sinaloa state, Johnson said that such projects helped to ensure North America is “more self-reliant, more competitive, and better positioned for the future”. He noted that Mexinol had invested US$3.3bn during the construction and development of the facility, which he said would “become the largest ultra-low emissions methanol facility in the world”. However, he stressed that to attract more investment of this kind, corruption needed to be addressed. “No company will commit resources where the rules are unclear, where transparency is absent, or where accountability is optional. If we want projects like this to succeed… corruption and extortion have no place,” he said, adding that this was why USMCA “requires our governments to criminalize bribery and corruption and enforce codes of conduct for public officials”. Johnson said that “action on this front” would likely come “soon”. Mexico and the US remain each other’s top trading partners, trading around US$873bn a year, according to Johnson.

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