International oil corporations are rushing to the Mexican side of the Gulf of Mexico. For the first time in decades, the country is opening up its energy sector. And the interest in its deep-water reserves has come from global big guns like ExxonMobil and even the Chinese government to the tune of an expected $60 billion in investment.
While politicians debate the North American Free Trade Agreement, companies from states like Arizona visit Mexico to spread their wings, as the aerospace segment works to grow while avoiding politics.
The U.S., Mexico and Canada will enter the second round of negotiations for the North American Free Trade Agreement on Friday.
President Donald Trump said Tuesday in Phoenix his administration will probably end up terminating NAFTA. But, at the same time, other prominent Arizonans were arriving in Mexico City to pursue the opposite.
A Navajo coal mine in New Mexico just bought two new locomotives to deliver coal from the mine to the Four Corners Power Plant. The purchase demonstrates an investment in coal by the Navajo government at a time when natural gas has become the preferred low-cost energy source.
The Department of State has updated its travel warnings to Mexico, and some tourist attractions and the neighboring state of Sonora made it onto the list.
The first round of renegotiations of the North American Free Trade Agreement (NAFTA) ended last week in Washington, D.C., and Canada, Mexico and the United States committed to coming up with a revised treaty quickly.
U.S. trade representative Robert Lighthizer said in opening remarks that NAFTA "has failed" Americans as a result of trade deficits. Some clash with that view, while others partially agree.
Business leaders are bracing ahead of the trade negotiations beginning Wednesday between the U.S. and its North American neighbors.
Electricity companies in Arizona and in Mexico are planning a project to run power back and forth across the border.