Overview
- Raquel Buenrostro and President Claudia Sheinbaum argued that investor–state arbitration has been distorted into a profit-driven business by specialized law firms.
- Officials said eliminating arbitration is unlikely under the USMCA, so Mexico will seek legal and diplomatic measures to curb abuses rather than scrap the mechanism.
- Sheinbaum indicated the government wants the arbitration regime reviewed in the next round of USMCA discussions to prevent its use for financial speculation.
- Buenrostro described a two-year global debate over reform and cited complex legal and financial structures that encourage filing lucrative or even “absurd” claims.
- Sheinbaum also noted the United States may adjust steel and aluminum tariffs, saying Mexico awaits a formal announcement after signals shared with Economy Secretary Marcelo Ebrard.