The United States will help Mexico in enhancing its foreign investment review process by sharing best practices derived from the CFIUS.
The Biden administration announced on Dec. 7 an agreement with Mexico to prevent countries such as China from investing in Mexican companies as a way to circumvent U.S. sanctions and tariffs.
Treasury Secretary Janet Yellen announced the signing of a “Memorandum of Intent” between the two countries to form a bilateral working group to share technical information and best practices on foreign investment screening.
The agreement aims to strengthen supply chains and ensure national security in critical industries.
“Both countries benefit when they work together to guard against foreign investments that pose national security risks,” Ms. Yellen said in a statement. “This engagement is further evidence of the close partnership between our two countries, not only on matters of trade but also on critical issues of national security.”
The Biden administration’s objective is to assist Mexico in enhancing its foreign investment screening process by sharing insights and best practices derived from the U.S. Committee on Foreign Investment in the United…
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