Inside Trade

July 23, 2024

López Obrador’s remarks about ‘import substitution’ raise eyebrows

By Margaret Spiegelman  / January 13, 2023 at 6:37 PM
Mexican President Andrés Manuel López Obrador this week announced that the U.S., Canada and Mexico planned to form a committee focused on “import substitution,” a phrase that does not appear in a joint declaration issued soon after by the three countries -- and one that has left some analysts scratching their heads. Standing between President Biden and Canadian Prime Minister Justin Trudeau following a trilateral meeting on Tuesday in Mexico City, López Obrador said the three leaders “agreed to strengthen...

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