Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
👀 Bezos, Buffett & Berkowitz: What's in Their Portfolios? Unlock Data
Mexico asks Texas to halt costly cargo inspections; will file USMCA complaint
Published May 15, 2023 02:40PM ET
Updated May 15, 2023 02:47PM ET
© Reuters. FILE PHOTO: Trucks wait in a queue to cross into the U.S., at the Zaragoza-Ysleta border crossing bridge, after the U.S., Customs and Border Protection Office reported in a statement that its personnel was assigned to processing the influx of migrants in
MEXICO CITY (Reuters) - Mexico's economy ministry is urging the U.S. state of Texas to remove inspections of cargo crossing the border, which it said in a statement on Monday is causing millions of dollars in losses for U.S. and Mexican firms.
The Mexican government will file a complaint with the trade facilitation committee under the United States-Mexico-Canada (USMCA) free trade agreement, which came into effect in 2020.
Earlier this month, Texas started inspecting commercial vehicles crossing into the state from Mexico at a bridge connecting the Texas city of Brownsville with the Mexican city of Matamoros.
Texas Governor Greg Abbott has ordered similar inspections before. In April 2022, cargo inspections prompted significant supply chain disruptions until Abbott reached a deal with the governors of four neighboring Mexican states to increase security efforts.
The current inspections are causing costly delays of 8 to 27 hours, which are mainly impacting perishable foods and are generating millions of dollars in losses for both U.S. and Mexican companies, Mexico's economy ministry said in the statement.
Abbott, a Republican, has frequently criticized Democratic U.S. President Joe Biden's efforts to stop the smuggling of people and contraband across the U.S.-Mexico border.
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.