Mexico’s Energy Regulatory Reform in the Context of a New Trilateral Agreement (NAFTA-USMCA)
Journal
The International Trade Journal
ISSN
0885-3908
1521-0545
Date Issued
2019
Author(s)
Ramírez Sánchez, José Carlos
Massa Roldán, Ricardo
Type
text::journal::journal article
Abstract
This article argues that Mexico’s energy reform has allowed the country to increase trade flows among the participant countries of NAFTA-USMCA at the expense of widening its trade deficit in oil, gas, and gasoline. Actions that are currently being undertaken by Mexico’s President seem to potentially stress this deficit and are expected to weaken Mexico’s energy independence in light of the provisions of the new trilateral agreement. An analysis of convergence dynamics confirms this panorama by showing a strong relationship between Mexico’s crude oil exports to the United States, and from the latter’s exports of petroleum products to the first. © 2019, © 2019 Taylor & Francis Group, LLC.