The Canadian government expressed worry on Thursday about the investment environment in Mexico’s oil and mining industries, as well as the attitude toward biotechnology approvals in Latin America’s second largest economy.
Canada’s Trade Minister Mary Ng visited Mexican Economy Minister Tatiana Clouthier during North American trade talks in Vancouver, reinforcing their shared commitment to increase trade and the region’s competitiveness, according to the Canadian government.
However, Ng highlighted Canada’s worry “with the investment climate in Mexico, especially in its mining and energy sectors,” as well as “Mexico’s approach to biotechnology approvals.” according to a release.
Mexican President Andres Manuel Lopez Obrador, a leftist resource nationalism, has strengthened state control over energy and mining, sparking conflict with some of the country’s most important trading partners and commercial investors.
The ministers also discussed establishing a “Canada-Mexico High Level Economic Dialogue” to establish a new venue to improve collaboration and competitiveness, according to Canada.