12/7/2023, 9:05 PM (Source: TeleTrader)
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US, Mexico to work on foreign investment

THe United States Department of Treasury announced on Thursday that Secretary Janet Yellen and Mexico's Secretary of Finance and Public Credit Rogelio Ramirez authorized a Memorandum of Intent (MOI) that aims to broaden bilateral relations on foreign investment.

"I am pleased to announce our intention to establish a bilateral working group between the United States and Mexico on foreign investment review. Both countries benefit when they work together to guard against foreign investments that pose national security risks," Yellen noted.

During the conference to make the announcement, Yellen pointed out that the US is "seeking to strengthen economic resilience through diversifying supply chains across a wide range of trusted allies and partners."

Baha Breaking News (BBN) / AC