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Mexico’s Claudia Sheinbaum pitches certainty to wary US investors

New president tries to reassure business leaders ahead of American election and possible review of free trade pact

Mexican President Claudia Sheinbaum has said she hopes there will be few changes to North America’s free trade deal under the next US president, as she announced $20bn in investments at an event with American and Mexican business leaders on Tuesday.

Sheinbaum said the US-Mexico-Canada trade agreement, known as the USMCA, had allowed the region to compete against the rest of the world, as she tried to lure wary US business leaders to invest more south of the border.

“Our idea is to keep the deal with few changes,” she told a press conference in Mexico City. “Our narrative is . . . we complement each other, we don’t compete.”

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