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Mexico moves to resolve steel and aluminum crisis with the United States

Mexican Economy Minister Marcelo Ebrard confirmed during press statements on Friday that his country seeks to reach a new agreement with the United States regarding the steel and aluminum sectors, noting the importance of enhancing trade cooperation between the two countries to resolve outstanding issues in this area.

Ebrard explained that meetings will be held next week with the US Trade Representative team to discuss mechanisms for improving trade agreements related to steel and aluminum, as part of efforts to support the industrial and foreign trade sectors in Mexico.

In a related context, the minister announced that Mexico will unveil huge private investments worth up to $6.5 billion, which reflects the government’s commitment to attracting more capital and boosting economic growth. This step comes in light of Mexico’s efforts to strengthen its position as a major industrial center in the region and stimulate local production.

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