While the United States has been strengthening its domestic energy sector, Mexico and Canada have become our two most important energy partners. An updated NAFTA that facilitates energy investment and preserves investor protections would give America the double victory of boosting energy security, while maintaining advantage over geopolitical rivals like China and Russia. Failure to conclude a modern NAFTA could cause major damage in the energy sector and to North American energy independence. Particularly with Mexican elections coming on July 1, an updated NAFTA would help safeguard energy reforms from political fluctuations. Mexico’s presidential front-runner, Andrés Manuel López Obrador (AMLO), has long criticized his country's 2013 energy reforms.

Source: Forbes May 09, 2018 14:48 UTC