Research Library

NAFTA has neither been the enormous success that its supporters believe, nor the disaster that its detractors claim. Renegotiating NAFTA — or even threatening to repeal it — is not a high-stakes proposition. The treaty simply does not possess the leverage to deliver a major boost or setback to the U.S. manufacturing sector. 

This paper explores the constitutional and legal standards regarding oversight systems related to accountability, transparency and responsibility within the scope of the energy reform in Mexico. It analyzes these regulatory structures and assesses whether the procedures satisfy the constitutional principles that the energy reform establishes for the petroleum sector. It also identifies challenges and opportunities for improvement presented by the legislation.