There has been considerable friction between Mexico’s government and U.S. investors in the energy sector recently, but conditions are in place for booming trade between the two nations according to a new analysis from Washington, DC think tank Center for Strategic and International Studies (CSIS).

petroluem trade

“The next four years present a once-in-a-generation opportunity for the new Biden administration to engage with Mexico and with President Andrés Manuel López Obrador to reinforce the trade relationship between the two countries,” the authors of a CSIS report said.

Last year’s signing of the United States-Mexico-Canada Agreement (USMCA), global economic disruption due to the Covid-19 pandemic, and administration changes on both sides of the border “present a unique...