Mexico says it expects to receive $40 bln U.S. investment through 2024

ByKristen Amber

Jul 17, 2022 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,


U.S. President Joe Biden fulfills with Mexican President Andres Manuel Lopez Obrador in the Oval Business office of the White House in Washington, U.S., July 12, 2022. REUTERS/Kevin Lamarque

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WASHINGTON, July 13 (Reuters) – U.S. firms prepare to make investments $40 billion in Mexico between now and 2024, Mexican President Andres Manuel Lopez Obrador explained to U.S. and Mexican executives on Wednesday in a conference aimed at quelling issues more than the country’s financial investment local weather.

Billions of dollars in overseas financial investment in Mexico have been held up by disputes concerning corporations and the authorities as Lopez Obrador tightens state regulate of the power marketplace.

Mexican billionaire magnate Carlos Slim, who was at the breakfast event, claimed there was an urgent will need for big investments to help decrease the country’s import dependency.

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“The president’s place was pretty constructive in this sense, of needing to facilitate international and Mexican financial commitment,” Trim told reporters after the conference.

Mexican officers had formerly reported the talks with organization leaders, a working day following Lopez Obrador achieved with U.S. President Joe Biden, could produce progress on a raft of pending investments in Mexico by U.S. vitality companies. study a lot more

The U.S. Ambassador to Mexico reported very last month that Mexico and the United States are operating by way of disputes involving U.S. businesses value some $30 billion. study a lot more

It was not quickly clear if breakthroughs experienced been made on electricity issues, but two executives taking section mentioned the talks experienced generated optimism, especially on the prospect of bringing industrial ability again to North The us.

Lopez Obrador on Tuesday explained to Biden that Mexico was prepared to work with the United States to protected strength materials and market the economic integration of North The usa.

Mexican Economy Minister Tatiana Clouthier, who was also at the breakfast, said on Twitter Lopez Obrador mentioned he experienced occur to hear to electrical power companies, such as Sempra Electrical power (SRE.N).

Other U.S. firms attending included New Fortress Energy (NFE.O), which has main investments planned in Mexico, and Talos Electrical power , which is functioning with Mexican condition oil agency Pemex, a agenda observed by Reuters confirmed.

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Reporting by Ted Hesson in Washington Daina Beth Solomon, Dave Graham and Brendan O’Boyle in Mexico Town Crafting by Kylie Madry Modifying by Marguerita Choy, Josie Kao and Stephen Coates

Our Criteria: The Thomson Reuters Have confidence in Rules.


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