Political Risk Latin America Blog @PolRiskLatam

USA/Latin America politics: Trade ups and downs

Posted in News and Articles, Political Risk by politicalrisklatam on March 10, 2011

by The Economist Intelligence Unit, March 4th, 2011.

The US and Mexican presidents have tentatively resolved a lengthy dispute over cross-border trucking, which, if the agreement is approved by the US Congress, will end a spat that has marred trade ties in recent years. However, other elements of Washington’s trade agenda for Latin America have ground to a halt, and this could cast a shadow over President Barack Obama’s upcoming March 19th-23rd trip to the region.

During a joint press conference held on March 3rd, Mr Obama and Mexico’s president, Felipe Calderón, announced an agreement on the trucking issue. Mexican drivers and long-haul trucks will be allowed to seek permits to operate in the US, provided they meet specific safety, insurance and other requirements. The conditions were first unveiled in early January by the US transportation secretary, Ray LaHood. The final agreement will be sent to Congress within months. (continue reading… )

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