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Free AccessMEXICO: AMLO: Mexico Can Increase Gasoline Supply But Wants Tariff Relief
US President Joe Biden has held a bilateral meeting with Mexican President Andres Manuel Lopez Obrador (AMLO) at the White House. Today's meeting is the second face to face meeting between the two leaders, and the first since AMLO boycotted the Summit of the Americas in Los Angeles because the White House declined to extend invitations to the leaders of Cuba, Venezuela, and Nicaragua.
- White House correspondent Raquel Krahenbuhl says "the two leaders have had disagreements on trade, energy, climate change, foreign policy, including the war in Ukraine."
- On Friday, AMLO restated his Mexico's neutral position on Ukraine and again refused to join sanctions on Russia.
- In a preview of the meeting, White House National Security Advisor Jake Sullivan said the leaders would discuss "their common vision for North America and common efforts to address global challenges, including Russia".
- A Mexican official said the leaders "will commit to completing a multi-year joint U.S.-Mexico border infrastructure modernization effort for projects along the 2,000-mile border" and "launch a bilateral working group on labor migration pathways and worker protections".
- Reuters reports that AMLO told Biden that "Mexico is committed to guaranteeing twice as much gasoline supply to meet demand."
- AMLO: "There are some tariffs under USMCA (United States-Mexico-Canada Agreement) that can be immediately suspended."
- AMLO: "There is room to intensify bilateral US-Mexico relations under US-Mexico-Canada agreement."
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.