Mexico trucking dispute agreement reached
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04-Mar-2011 (15 years 3 months 3 days ago)President Barack Obama and Mexican President Felipe Calderon have reached an agreement to resolve the dispute over cross-border trucking. Mexico had instituted tariffs in retaliation for the United States not complying with the trucking provision of the 1994 North American Free Trade Agreement (NAFTA). The provision was supposed to become effective in December 1995.
Half of the $2.4 billion in Mexican retaliatory tariffs are to be lifted as soon as the agreement is finalized. The remainder of the tariffs will be lifted when the necessary safety tests are completed and the first Mexican truck rolls across the U.S. border, according to a statement from the American Farm Bureau Federation.
Half of the $2.4 billion in Mexican retaliatory tariffs are to be lifted as soon as the agreement is finalized. The remainder of the tariffs will be lifted when the necessary safety tests are completed and the first Mexican truck rolls across the U.S. border, according to a statement from the American Farm Bureau Federation.