US firms to speculate $40bn in Mexico by 2024

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The information comes on the heels of Mexican President Andres Manuel Lopez Obrador’s assembly with US President Joe Biden.

United States firms plan to speculate $40bn in Mexico between now and 2024, Mexican President Andres Manuel Lopez Obrador advised a gathering of US and Mexican executives on Wednesday, based on Mexican Foreign Minister Marcelo Ebrard.

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Lopez Obrador and Ebrard are in Washington after a gathering between the Mexican president and his US counterpart Joe Biden, in addition to different officers, on Tuesday.

Calling it “great news for Mexico”, Ebrard revealed the potential investments on Twitter as Mexican officers met the executives for a enterprise breakfast within the US capital.

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Mexican officers stated the talks might ship progress on a raft of pending investments in Mexico by US vitality firms.

Billions of {dollars} in international funding in Mexico have been held up by disputes between firms and the federal government as Lopez Obrador tightens state management of the vitality market.

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Still, Lopez Obrador on Tuesday advised Biden that Mexico was able to work with the US to assist safe vitality provides, and promote the financial integration of North America.

Mexican Economy Minister Tatiana Clouthier, who was additionally on the enterprise breakfast, stated on Twitter that Lopez Obrador famous he had come to hearken to vitality firms, together with Sempra Energy.

The US Ambassador to Mexico, Ken Salazar, stated in June that Mexico and the US are working by disputes involving US firms value some $30bn.

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