They suggest that in the review of the T-MEC, measures could be determined to limit the capital of the Asian country in Mexico.
The increase in Chinese investment in Mexico is a concern for the United States government, so the level of trade exchange with this nation will be a condition for future American investments in the country, considered Larry Rubin, president of the American Society of Mexico (AMSOC).
He even estimated that this issue could be taken to the review of the Treaty between Mexico, the United States, and Canada (T-MEC), in which measures could be determined to limit Chinese investments in Mexico.
He recalled that China is becoming the main partner of several Latin American countries, so it will be sought that the red tide does not dominate in Mexico.
Larry Rubin said that Mexico is not intended to be a springboard for Chinese companies to reach the United States, although in some cases, he pointed out, it is difficult to detect this situation because they come from other Latin American countries, and it does not appear as Asian capital.
To take advantage of the opportunities presented by nearshoring, it is necessary to strengthen the rule of law in Mexico, Rubin admitted.
In this sense, he said that the next President of Mexico was invited to the AMSOC Binational Convention, where the scenarios for the next elections in the United States, nearshoring and the review of the T-MEC will be discussed.
Regarding the review of the T-MEC, Rubin considered that it will be complex, since the three countries have issues on the table, such as the intellectual property chapter, in addition to the energy chapter.
On September 3 and 4, 2024, the American Society of Mexico will hold its 3rd Binational Convention with the title: A New Shared Future.
Finally, the president of the American Society said that they expect the attendance of the president-elect Claudia Sheinbaum at their Binational Convention.
Source: Excelsior
