In the last days Andres Manuel Lopez Obrador He has used the new controversy in the T-MEC to reaffirm his position before his followers of the most radical base with nationalist messages.
Mexico is not a colony, he has expressed, and on Tuesday in a letter to Joe Biden He said that “sovereignty is not at stake.”
In the IP there is concern. Just recently the Concamín directive that presides over Joseph Abugaber he met with Tatiana Clouthier. He expressed his concern and all the support of the industrialists to take up the matter.
Although AMLO’s position is electoral, weakening the relationship with our main partner, to which 80% of our exports is focused, is not the most sensible, since it also discourages investment.
To exemplify, every hour goods for the equivalent of one million dollars pass through our northern border. Without the T-MEC and before NAFTA, the country’s situation would be different. Simply foreign trade with the US grew 600% from 1994 to 2018 and that with Canada 800%.
The 75 business days for inquiries are already running. The US and Canada have everything to gain because the energy violations that pushed Dew Nahle, Manuel Bartlett Y Octavio Romero they are blatant.
If Economy decides to validate the adjustments made, the US and Canada will convene the controversy panels and in 180 days, that is, by August or September 2023, there will be an opinion even with the predetermined amount of the sanctions, including compensatory fees.
Coparmex of Joseph Medina Mora demanded an immediate solution and it is the watchword in the Undersecretariat in charge of Luz Maria de la Mora.
The irony is that Mexico and Canada promoted really effective controversy panels with the T-MEC.
In that sense, the president could compromise the country. An industrialist cried out, “no one can be above agreements.” However, to curb the threat in the consultation phase, it will be necessary to dismantle the nationalized energy proposal. Otherwise the cost will be high and the review will come in 2026.
AMIA CLOSE TO PANELS AND CONFIDENCE IN RULING IN FAVOR
Yesterday the hearings of the controversy panel that Mexico and Canada requested in the T-MEC to interpret the rules of origin of the automotive sector concluded. The AMIA that presides Jose Zozaya she was attentive Her experts are confident that the plaintiffs’ judgments will prevail. The ruling would come this month or at the latest in October.
SHCP-CNBV REJECT AMIB OFFER FOR DEBT WITHOUT INTERMEDIATION
Among the proposals that AMIB of Alvaro Garcia Pimentel presented to the SHCP of Rogelio Ramirez de la O and CNBV of Jesus of the Fountain to support the stock market is that the brokerage houses can place and intermediate private debt, that is, titles not registered neither in the CNBV, nor in the BMV of Jose-Oriol Bosch or BIVA of Santiago Urquiza. The authorities rejected the idea due to the risks (fraud) for investors. There are other approaches.
PAY CRANDREAL DITO 800 MDP TO SANTANDER AND NAFIN FOLLOWS
Crédito Real has also already closed the agreement to settle the debt to Banco Santander that it still directs Hector Grisi. They are 800 million pesos. The next step will be Nafin in charge of Luis Antonio Ramirez and in that case the debt is 2,500 million pesos. Before Banorte was paid. So according to plan.
THREE NEGATIVE QUARTERS AND BOFA ADJUSTS 2023 GDP TO 0.0%
Yes, the worst for the economy is yet to come. The economic team of BofA that commands Carlos Capistran forecasts a drop in GDP for the fourth quarter of this year and the first and second of 2023. Hence, it has adjusted the GDP growth for 2022 to 1.7% and even worse to 0.0% in 2023. Puff!