US-Mexico Trucking Trade Agreement Revised

From Imperial Valley Press - On Wednesday, US and Mexico authorities solved a cross-border long-haul trucking dispute between the two countries, by revising the current trade agreement.

Mexican truckers are now allowed to deliver goods in the States and carry goods to Mexico, "a North America Free Trade Agreement provision the U.S. has essentially ignored."

Previously, Mexican trucks were restricted to travel within 25 miles of the US border. In retaliation, Mexico had "implemented punitive tariffs two years ago out of anger regarding the non-compliance by the States...Vilsack wrote in the release that the agreement will help expand jobs on both sides of the border. The cross-border long-haul trucking dispute has cost U.S. business more than $2 billion, and U.S. farm exports of affected commodities to Mexico were reduced by 27 percent."

Click here to read how this affects businesses in the US and Mexico.

Photo credit: Imperial Valley Press