© Reuters. FILE PHOTO: Mexican Foreign Minister Marcelo Ebrard looks ahead to a roundtable during the Ninth Summit of the Americas in Los Angeles, California, U.S., June 10, 2022. REUTERS/Daniel Becerril/File Photo
MEXICO CITY (Reuters) – Mexico hopes it can resolve a trade dispute with the United States before the matter goes to an arbitration panel, Foreign Minister Marcelo Ebrard said on Wednesday.
Speaking as officials held talks over a US-led complaint against Mexico’s plan to strengthen state energy controls at the expense of private companies, Ebrard said the scenario His basic is that an agreement will be reached and “we don’t have a panel.”
“It would be better for both countries to come to an agreement before presenting a panel, noting that Mexico also has complaints about some U.S. policies,” he told a group of business leaders.
Ebrard stressed that his government would not propose to leave the United States-Mexico-Canada Agreement (USMCA) or put it at risk, even if the dispute were to go to a panel.
The United States on July 20 announced a request for dispute settlement negotiations, arguing that Mexico’s energy policies are discriminatory against Mexican companies. Canada quickly joined the US complaint.
Under USMCA rules, if a complaint is not resolved within 75 days, a dispute panel may be requested to review the complaint.