Sign up now for Totally free unlimited obtain to Reuters.com
WASHINGTON, July 13 (Reuters) – U.S. providers program to invest $40 billion in Mexico in between now and 2024, Mexican President Andres Manuel Lopez Obrador instructed U.S. and Mexican executives on Wednesday in a conference aimed at quelling issues more than the country’s expenditure climate.
Billions of bucks in international investment in Mexico have been held up by disputes involving companies and the federal government as Lopez Obrador tightens condition manage of the energy market.
Mexican billionaire magnate Carlos Slender, who was at the breakfast occasion, stated there was an urgent will need for substantial investments to help decrease the country’s import dependency.
Sign up now for Cost-free endless accessibility to Reuters.com
“The president’s posture was pretty optimistic in this sense, of needing to aid foreign and Mexican financial investment,” Slim advised reporters immediately after the conference.
Mexican officers experienced earlier said the talks with organization leaders, a day immediately after Lopez Obrador met with U.S. President Joe Biden, could produce development on a raft of pending investments in Mexico by U.S. strength organizations. study a lot more
The U.S. Ambassador to Mexico claimed last thirty day period that Mexico and the United States are operating by disputes involving U.S. companies well worth some $30 billion. read extra
It was not quickly distinct if breakthroughs experienced been designed on power difficulties, but two executives taking aspect said the talks had generated optimism, notably on the prospect of bringing industrial capacity back to North The us.
Lopez Obrador on Tuesday told Biden that Mexico was all set to function with the United States to safe power supplies and advertise the economic integration of North The us.
Mexican Overall economy Minister Tatiana Clouthier, who was also at the breakfast, mentioned on Twitter Lopez Obrador noted he experienced come to listen to energy providers, which includes Sempra Electrical power (SRE.N).
Other U.S. companies attending integrated New Fortress Vitality (NFE.O), which has major investments planned in Mexico, and Talos Energy , which is doing work with Mexican condition oil company Pemex, a agenda found by Reuters showed.
Sign up now for Free unrestricted entry to Reuters.com
Reporting by Ted Hesson in Washington Daina Beth Solomon, Dave Graham and Brendan O’Boyle in Mexico Town Producing by Kylie Madry Modifying by Marguerita Choy, Josie Kao and Stephen Coates
Our Requirements: The Thomson Reuters Have confidence in Principles.