It is a reality that the United States is very concerned about the increase in China’s presence in Mexico, and businessmen and women from the White House have expressed this displeasure.
Larry Rubin, president of the American Society (AMSOC) in Mexico, indicated that the China factor could become a condition for the landing of American investments in the country.
This issue could even be taken to the review of the T-MEC towards 2026, in which some action could be determined to limit further Chinese investments in Mexico.
Rubin pointed out that China is becoming the main partner of several Latin American countries, so it is sought that the “red tide” does not dominate in Mexico, the United States wants to remain the number 1 commercial partner.
In addition, it is wanted to avoid that Mexico is the springboard for Chinese companies to reach the United States, although in some cases it is difficult to detect this situation because they arrive from other Latin American countries, and it does not appear as the capital of the Asian giant.
“This is a huge concern that I have had the opportunity to discuss with congressmen from the United States, as well as in the White House, (…) certainly also with business leaders in the United States and Mexico.
“There is no company that can compete particularly with the Chinese government,” Rubin said at a press conference to announce the third Binational Convention, to which Claudia Sheinbaum, the next president of Mexico, was already invited to discuss the topics on the agenda, which are the scenarios for the next elections in the United States, non-ashoring and the review of the T-MEC.
In the words of the president of the AMSOC, China can become a derailer between trade between Mexico and the United States, “we must ensure that the T-MEC is being used exclusively by Mexican companies.”
Regarding the review of the T-MEC, Larry Rubin considered that it will be complex, since the three countries have issues on the table, such as the intellectual property chapter, which has not been complied with.
There will also be the energy issue, which will also be important for the investments of US companies to materialize, because many already have commitments with investors and international companies to use renewable energy for their operations, so if Mexico does not guarantee this, they will choose to go to other countries.
But the expectation from AMSOC is that despite the difficulties in the review of the T-MEC, it will be successful.
Source: expansion
