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MEXICANS TRUCKS * Mexico: Seeks to End Cross-Border Trucking Dispute
Without progress on cross-border trucking, punitive tariffs could be expanded
City of Mexico,MEX,USA -The Wall Street Journal/The Journal of Commerce Online (USA), by William B. Cassidy -Jul 9, 2010: -- Mexico may expand the list of U.S. products facing billions of dollars in punitive tariffs unless the Obama administration proposes a cross-border trucking program... A Mexican government official told Thursday that Mexico wants more than the revival of the pilot project killed by Congress last year... “If we don’t see a concrete proposal from the U.S. in the next few weeks, Mexico will exercise its legal rights,” the unnamed official told the financial newspaper. Those rights, the official said, include expanding the retaliatory tariffs... Mexico imposed punitive tariffs on $2.4 billion worth of U.S. goods when Congress and the White House shut down a Bush-era test of cross-border trucking. The tariffs ranged from 10 percent to 45 percent and affected 90 products... Mexico is the second-largest export market for the U.S., receiving 12 percent of U.S. exports in 2009. Almost half of Mexico’s imports are sourced from the U.S.... The Obama administration said in March 2009 it would replace the original pilot project with a new cross-border program, but many Democrats oppose the idea... A group of 78 members of the House of Representatives, mostly Democrats, in April called for the Mexican trucking provision to be stripped from NAFTA... (Images from huffingtonpost: An already-jammed US/Mexico border crossing)
Labels: mexicans' trucks debate
posted by Unknown @ 11:30 AM
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