Investment in Mexico. Mexico’s Business Coordination Council and the U.S. Chamber of Commerce concluded a two-day meeting in Merida, in Mexico’s Yucatan state, to plan a roadmap for investment and development in Yucatan and Central America in an effort to stem migration across Mexico’s southern border. Discussions at the meeting focused on the private sector’s role, though the governments of both countries have been in talks since December over a proposed $10 billion U.S. government investment in development and security efforts in the region. Business leaders also discussed the yet-to-be-ratified U.S.-Mexico-Canada Agreement. On Thursday, Mexico cleared a major hurdle to ratification when Congress approved labor reforms Washington had demanded before it would ratify the deal. Mexico’s Senate is expected to approve the reforms by the end of the month. Mexico and Canada have set removal of U.S. steel and aluminum tariffs as conditions for their ratification of the agreement. S
Daily Memo: Development in Mexico, 5G in the United States, Saudi Arabia in Libya
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