Latin America. The meeting between U.S. Secretary of State Antony Blinken and Mexican President Andrés Manuel López Obrador left an invitation to the Latin American country to join the U.S. plan to promote electromobility.
After the closed-door meeting, the Mexican president highlighted on social networks: "Productive and friendly meeting with the Secretary of State, Antony Blinken and the Secretary of Commerce of the United States, Gina Raimondo."
However, it was the Mexican Foreign Secretary, Marcelo Ebrard Casaubón, who gave details of what was discussed in this meeting. According to Ebrard, the US Secretary of State invited Mexico to participate in the development of its infrastructure program to produce semiconductors or chips linked to electromobility.
"The invitation was made to Mexico to the new investment package that the United States has just announced in semi-conductors, electromobility," said Foreign Minister Ebrard.
Faced with this, López Obrador informed Blinken about the Sonora Renewable Energy Plan to establish in that entity the national exploitation of lithium and clean energy.
Although there was some expectation for some statement regarding the differences caused by the call for consultations by the United States and Canada regarding Mexico's energy policy within the framework of the Free Trade Agreement between Mexico, the United States and Canada (T-MEC), the foreign minister said that there was hardly any space for that issue.
According to the National Auto Parts Industry of Mexico (INA), in the last 23 years, the USMCA has attracted a foreign direct investment of 83,883 million dollars for the automotive sector, of which US$48,347 million belong to the auto parts industry. This has led to the creation of 875,000 direct jobs.
Mexico is the main supplier of auto parts to the U.S., with 36% of that country's total imports coming from Mexico. This equates to $80 billion at the end of 2022, according to the INA.
"With the USMCA and other factors, the so-called nearshoring has been detonated, which further encourages the arrival of new investments, mostly from Asia," the institute says.
