LatinNews Daily - 04 November 2022

In brief: Mexico’s new economy minister meets with US trade representative

* Mexico’s newly appointed Economy Minister Raquel Buenrostro has held her first virtual meeting with US Trade Representative (USTR) Katherine Tai, since taking over the role on 9 October following the surprise resignation of her predecessor Tatiana Clouthier (2020-2022). In a statement, the economy ministry (SE) said the pair committed to continuing the dispute resolution consultations over Mexico’s energy policies, which the US, along with Canada, requested in July under the US-Mexico-Canada Agreement (USMCA). Clouthier’s departure, as well as that of deputy minister for foreign trade Luz María de la Mora, had sparked concerns over the future of the consultations. According to the SE, Tai and Buenrostro “agreed to remain in regular communication on all issues on the bilateral agenda.” The office of the USTR issued a statement saying Tai had “highlighted the importance of the US-Mexico economic relationship and the continued implementation of the USMCA.” The USTR added that Tai had underlined the importance of “making expeditious progress” in addressing the issues in Mexico’s energy sector, the importance of “avoiding a disruption in US corn exports” and “returning to a science- and risk-based regulatory approval process for all agricultural biotechnology products in Mexico.”

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