April 7, 2022 – According to Mexico Business News, Mexican President Andrés Manuel López Obrador warned business people from Sac Tun and Vulcan Materials Co. about a potential international lawsuit lest they stop resource exploitation at Calica, Quintana Roo. In 2019, Vulcan Materials requested arbitration against the Mexican government under USMCA regulations due to the revocation of its port concessions, which the…
Read MoreTag: USMCA
AEM, NAM Hail USMCA Deal
The House of Representatives confirmed support for a revised trade deal – called the U.S.-Mexico-Canada Agreement (USMCA) – that represents an overhaul of the 1994 North American Free Trade Agreement.
Read MoreAgreement Reached to Remove Steel, Aluminum Tariffs
On May 17, the United States, Canada and Mexico announced an agreement to remove tariffs on steel and aluminum imported from each of the countries. The move will lift the 25% steel and 10% aluminum tariffs the United States imposed nearly a year ago, which resulted in retaliatory measures from Canada and Mexico. Associated Equipment Distributors (AED) opposed the tariffs and frequently warned the…
Read MoreAED: Congress Should Approve USMCA
On April 9, Associated Equipment Distributors (AED) delivered a letter to congressional leadership expressing support for the United States-Mexico-Canada Agreement (USMCA) and urging lawmakers to expeditiously consider and ratify the accord between the United States’ closest trading partners. “As a U.S.-based organization with companies operating in the United States, Canada and Mexico, AED’s members are uniquely impacted by the trade uncertainty in North America,”…
Read MoreIndustry Associations View USMCA With Cautious Optimism
After more than a year of tense negotiations, the United States, Canada and Mexico unveiled an updated trade agreement to replace the North American Free Trade Agreement (NAFTA).
Read More