“The majority in Congress engaged in an unprecedented rubber-stamping exercise by sanctioning a game-changing framework for mining operations and investment,” said Armando Ortega, chair of the mining committee of the Canadian Chamber of Commerce in Mexico. “This framework includes reserving mining exploration for the Mexican state.”
Other modifications include shortened concession timeframes with renewals shrinking from 50 to 25 years, tighter restrictions on water use in projects and limiting the rights to only exploit certain minerals rather than any discovered in the area.
Canada’s trade minister, local ambassador and mining executives have also expressed concerns to Mexico’s economy minister that giving preferential treatment to state-owned entities risks breaching its obligations under the free trade US-Mexico-Canada Agreement as well as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
how dare Mexico exercise tighter control over their own country’s resources >:(
Why is there even such an entity? Imagine a “Russian chamber of commerce in Kazakhstan”.
with renewals shrinking from 50 to 25 years
Seriously? That’s supposed to be the “unprecedented rubber-stamping exercise by sanctioning a game-changing framework”? Quarter century instead of the whole half? Seriously?
how dare Mexico exercise tighter control over their own country’s resources >:(
Why is there even such an entity? Imagine a “Russian chamber of commerce in Kazakhstan”.
Seriously? That’s supposed to be the “unprecedented rubber-stamping exercise by sanctioning a game-changing framework”? Quarter century instead of the whole half? Seriously?
Definitely not imperialism according to libs tho