Moody’s forecasts good economic results for Mexico at the North American Summit

Moody’s Analytics director for Latin America, Alfredo Coutiño, glimpsed this Tuesday that there is optimism that Mexico will obtain positive economic results from the North American Leaders Summit, which brings together the leaders of Mexico, the United States and Canada on Tuesday. .

“In Mexico, there is moderate optimism regarding the results of the meeting, particularly given the existing trade frictions surrounding Mexico’s compliance with the trade agreement.”, Coutiño explained in an analysis.

Mexican President Andrés Manuel López Obrador; The American, Joe Biden, and the Canadian Prime Minister, Justin Trudeau, have a trilateral meeting on Tuesday at the National Palace in Mexico City for the X Summit of North American Leaders.

In the meeting they will foreseeably discuss issues related to migration, the fight against drug trafficking and energy policy, as well as economic and commercial issues.

“Issues that include trade relations, investment and collaboration on national security in the region are discussed. Despite the fact that there may be positive announcements, both investors and businessmen are cautious in their expectations regarding possible results regarding the energy dispute against Mexico filed by Canada and the United States”, clarified the analyst.

Coutiño referred to the consultations initiated last year by Mexico’s partners over the energy policy of López Obrador, who tried to reform the constitution and has implemented new rules to give priority to Mexican public companies over foreign investments.

In the analysis, Coutiño also highlighted the other Latin American event of the week due to the economic impact that the assault on the Presidential Palace, Congress and the Supreme Court perpetrated by ultra-rightists last Sunday could have on Brazil.

“Until now, the financial markets of Brazil and Mexico have remained relatively calm but expectant. The potential impact on the economic prospects in both countries, respectively, will depend on the results and the negotiations that are achieved around each particular event.”, he sentenced.

On the first day of the Summit, López Obrador and Biden met at a bilateral table together with various members of their respective cabinets, where they discussed migration, drug trafficking, and the assault on Brazilian institutions.

Source: EFE