API, CAPP, AMEXHI reiterate support as NAFTA negotiations resume

Nov. 16, 2017
The American Petroleum Institute, Canadian Association of Petroleum Producers, and Mexican Association of Hydrocarbon Companies jointly reiterated their support for the North American Free Trade Agreement as its renegotiation resumed in Mexico City on Nov. 15. Their latest joint position paper also repeated the need to maintain robust investor protections to keep North American energy integration strong.

The American Petroleum Institute, Canadian Association of Petroleum Producers, and Mexican Association of Hydrocarbon Companies (AMEXHI) jointly reiterated their support for the North American Free Trade Agreement as its renegotiation resumed in Mexico City on Nov. 15. Their latest joint position paper also repeated the need to maintain robust investor protections to keep North American energy integration strong.

“If it is not possible for the US, Canada, and Mexico to agree on an updated NAFTA, we urge policymakers to retain the current NAFTA and all of its considerable mutual energy benefits that would be diminished greatly without a trilateral NAFTA,” said the three groups, which collectively represent more than 750 oil and gas companies.

They added that they oppose proposals, such as a sunset clause or an Investor-State Dispute Settlement opt in-opt out mechanism, which the three associations said would weaken stability and protections for long-term investments.

“On energy, the US, Mexico, and Canada are better off with NAFTA because [it] benefits energy workers, energy consumers, and energy companies alike. NAFTA also facilitates regional energy security and represents increased revenues to all three governments, the associations said.

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