NAFTA talks in Canada could result in energy agreement with Mexico
OTTAWA — An agreement to have Mexico join a NAFTA clause governing oil exports may be one of the first significant products of the renegotiation talks this weekend in Ottawa.
When NAFTA was originally signed 23 years ago, Mexico rejected parts of the energy chapter because its oil industry was entirely owned and operated by the government.
However, President Enrique Pena Nieto is looking to solidify the reforms he started in 2013, opening up the Mexican oil industry to international investment and participation.
As such, Mexico has asked to sign Article 605, which limits government interference in oil exports to any of the participating NAFTA countries.