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US business chamber slams Mexico electrical power law » Borneo Bulletin Online

February 7, 2021
MEXICO CITY (AP) The United States (US) Chamber of Commerce said on Friday that Mexico’s attempts to limit private electricity generation would violate the US-Mexico-Canada trade agreement (USMCA).
The business group urged the withdrawal of a bill by Mexican President Andrés Manuel López Obrador to give priority in electricity purchases to older, more polluting, state-owned power plants.
It said the bill would “would directly contravene Mexico’s commitments” under the USMCA.
The chamber’s Senior Vice President of the Americas Neil Herrington said in a statement that the bill could re-instate a government monopoly, adding “these changes would significantly raise the cost of electricity and limit access to clean energy for Mexico’s citizens”. ....

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U.S. Chamber slams Mexico power bill as breach of USMCA trade pact

By Reuters Staff
2 Min Read
WASHINGTON (Reuters) - The U.S. Chamber of Commerce on Friday slammed an electricity bill proposed by Mexico’s president as “deeply troubling,” saying it represented a breach of the country’s commitments under the United States-Mexico-Canada Agreement (USMCA).
The planned legislation will undermine foreign investor confidence as Mexico emerges from its worst economic contraction since the Great Depression, Chamber Senior Vice President of the Americas Neil Herrington said in a statement.
“Such drastic changes would open the door for the reinstatement of a monopoly in the electricity sector and, we believe, would directly contravene Mexico’s commitments under the U.S.-Mexico-Canada Agreement,” he said. ....

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