President Claudia Sheinbaum said Thursday her government will shield the T-MEC review from the US electoral climate. She stressed the need for a long-term vision for the three economies involved.
Mexican President Claudia Sheinbaum declared in her morning conference at the National Palace that there is no rush in the review process of the Treaty between Mexico, the United States and Canada. Sheinbaum noted that the aim is to prevent electoral processes in the United States and later in Mexico from influencing the negotiations.
She explained that there is constant communication with authorities from both countries. She mentioned recent meetings of Mexican officials in Washington and Economy Secretary Marcelo Ebrard’s visit to Canada. She also ruled out that the Modernized Global Agreement with the European Union, whose signing is scheduled for May 22, puts the T-MEC at risk.
Regarding Standard & Poor’s decision to change the outlook on Mexico’s sovereign debt, Pemex and CFE to negative, Sheinbaum assured that the Mexican economy “is doing well”. She said the government “will turn it around” on that assessment and noted that the peso is trading at 17.22 units per dollar.
