Washington, DC – The National Foreign Trade Council (NFTC) today welcomed President Barack Obama and Mexican President Felipe Calderon’s announcement of a path forward to resolve the longstanding bilateral dispute on the cross-border trucking issue.
“We applaud today’s announcement and both governments for working together to reach a mutually agreed upon solution,” said NFTC President Bill Reinsch. “Not only was the stalemate on cross-border trucking a thorn in the side of our relationship with Mexico, the retaliatory tariffs put in place by the Mexican government because of our failure to abide by our NAFTA obligations have resulted in billions of dollars in lost trade for American exporters.”
“Mexico is one of the United States’ top five trading partners, and our commercial relationship is critical to increasing U.S. economic growth and exports, and supporting jobs through trade,” said NFTC Vice President for Regional Trade Initiatives Chuck Dittrich. “Given the importance of the Mexican market to our companies and agricultural exporters, we are very pleased that the two governments were able to reach an agreed path forward that will both allow the United States to fulfill our trading obligations and that will phase out the Mexican tariffs that have put a stranglehold on bilateral trade.”
About NFTC
Advancing Global Commerce for Nearly A Century- The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.
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