Mexico: When Trade and Energy Policy Collide
By
Leonardo Beltran
AMLO’s push to protect Pemex and CFE is hurting the companies themselves.
Mexican President Andrés Manuel López Obrador is set on reestablishing the prominence of state-owned oil company, Pemex, and the state utility, Federal Electricity Commission, CFE. But as many companies are hoping to set up shop in closer and more strategic locations to supply U.S. and European markets, this means Mexico is missing out on the opportunities of nearshoring at the expense of the private sector and, ultimately, the consumer. And Mexico would also be limiting the creation and expansion of long-term quality jobs by constraining the development of new goods and services brought...
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