The Ministry of Economy (SE) reported this Wednesday that it managed temporarily suspend the requests for international arbitration that the signatures Caisse de dépôt et placement du Québec (CDPQ) and CDP Groupe Infrastructures Inc. carried out against Mexico in matters of renewable energy.
In a statement, the agency explained that the Canadian companies decided to suspend the procedure in order to “seek a satisfactory solution without having to use the dispute resolution mechanism.” investor-state disputes”.
At the end of November, the firms filed an arbitration request against Mexico under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (TIPAT) due to legal changes in energy matter of the current federal administration.
The arbitration was registered on December 15 before the International Center for Settlement of Investment Disputes (ICSID)from the World Bank.
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The controversy arises in addition to the request made by the government of canada in July 2022, under the protection of T-MECto carry out consultations on dispute resolution with Mexico for the nationalist policies the 4T in the area of energy he argued, violated the North American trade agreement.