Mexico, U.S. and Canada agree to promote electromobility

MEXICO – Mexico, the United States and Canada will seek to create stronger regional supply chains and promote targeted investment in key industries of the future, such as semiconductors and electric vehicle batteries, which will be key to advancing the development and infrastructure of electric vehicle technology.

This during the North American Leaders' Summit (NALS) where U.S. President Joseph Biden, Canadian Prime Minister Justin Trudeau and Mexican President Andrés Manuel López Obrador participated.

"We seek to deepen our regional capacity to attract high-quality investment, drive innovation and strengthen the resilience of our economies, recognizing the benefits brought by the Mexico-U.S.-Canada Agreement (T-MEC)," they reported in a joint statement.

On job creation, the three governments pledged to work with the private sector, civil society, labor and academia across North America to foster high-tech entrepreneurship, promote small and medium-sized enterprises, as well as strengthen technical education.

Leaders also agreed to strengthen the security, prosperity, sustainability and integration of our region through commitments around six pillars: diversity, equity and inclusion; climate change and environment; competitiveness; migration and development; health; and regional security.