June 15, 2020 / 3:41 PM / a month ago

Oil group says Mexico violating new trade deal, hurting U.S. investors

MEXICO CITY, June 15 (Reuters) - The American Petroleum Institute, the leading U.S. industry body, said it is worried that recent actions by the Mexican government hurt U.S. investors and violate regional free trade agreements.

In a letter to senior U.S. government officials dated June 11, API said U.S. investors have faced difficulties getting permits in Mexico for fuel stations, storage facilities, imported fuel and terminals.

The group urged the officials to push Mexico to honor commitments in the U.S. Mexico Canada Agreement, a new trade deal between the three countries that will soon go into effect. (Reporting by Adriana Barrera; Editing by Julia Love)

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