Canadian mining companies are waiting for legal certainty to invest 12 billion dollars in Mexico, said the trade policy advisor of the Canadian Embassy in Mexico, Julie Poirier, during the Annual Meeting of Industrialists (RAI) in its 2024 edition.
During her participation in the Active and Cutting-Edge Industrial Policy panel in the face of the Review of the Treaty between Mexico, the United States and Canada (T-MEC), she said that for investors it is of utmost importance that there is certainty in Mexico, which is why they decided to keep their investments in the country’s mining sector on hold.
“If there is certainty, they say yes, because the opportunities are already there and the market demand is there, so it is a matter of providing the right conditions for some criteria, but we do know all the challenges that the mining sector faces, but also the stability of the stable environment, an appropriate judicial environment as well,” she explained.
In addition, she mentioned that the reform of the Judicial Branch not only worries Canadian investors, but also the reform in the area of open-pit mining.
Given this situation, the advisor stressed that they are awaiting what happens with this initiative, since “the open-pit mining reform creates uncertainty that impacts everyone involved.”
Regarding the review of the T-MEC, she said that they hope it will continue, because it has worked to boost trilateral trade, which has increased by 50 percent.
Source: amp.milenio
