A report out of Washington DC this past week – Mexican truckers will be able to carry goods deep into the United States, and vice versa, under a deal signed Wednesday in Mexico City to keep a 17-year-old promise.
Cord Moving and Storage is reporting that part of the deal, Mexico will eliminate tariffs on $2.3 billion of American goods and agricultural products as soon as the first Mexican truck obtains a permit and is allowed to enter the United States. As a preliminary step, the tariffs will be reduced 50 percent by the end of this week.
The United States had refused to honor a condition of the 1994 North American Free Trade Agreement that allowed Mexican trucks to carry shipments across the border to a final destination. Regulations instead required those trucks to unload shortly after crossing the border. After more than a decade of waiting and negotiating, Mexico retaliated by imposing tariffs in 2007.Tags: America, CORD, Cord Moving, Cord Moving and Storage, IL, Mexico, Mexico City, MO, North American, North American Free Trade Agreement, Person Travel, Truck, Trucks, United State, United States, United States Congress, US, USD, Washington, Washington DC