WASHINGTON – Today, Ambassador Jamieson Greer announced the enactment of the U.S.-Mexico Action Plan on Critical Minerals. Under this first-of-its-kind Action Plan, the United States and Mexico will work to develop coordinated trade policies and mechanisms that mitigate critical mineral supply chain vulnerabilities. This work will include identifying specific critical minerals of interest, exploring border-adjusted price floors for critical minerals imports, and consulting on how price floors may be incorporated in a binding plurilateral agreement on trade in critical minerals.
“Today’s announcement demonstrates the United States and Mexico’s shared commitment to address global market distortions that have left North American critical minerals supply chains vulnerable to disruptions,” said Ambassador Greer. “As we approach the USMCA Joint Review, this Action Plan is an important step to strengthen bilateral cooperation and increase supply chain resilience with like-minded partners. I thank Mexican Secretary of Economy Marcelo Ebrard for his leadership and commitment to enhancing collaboration on critical minerals to further deepen our strategic partnership.”
Read the U.S.-Mexico Action Plan on Critical Minerals here.
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