Mexico City, Feb 16 (IANS/EFE) Mexico's Canacar transport association has commenced an arbitration action against the US, seeking $30 billion in compensation for Washington's refusal to fully open the border to Mexican trucks, the Excelsior daily reported Saturday.
Canacar director Jose Refugio Muñoz Lopez said in an interview with the Mexico City daily that the US government, in the wake of the announcement, had expressed interest in reaching a negotiated solution before the case goes to arbitration.
A total of 30,000 Mexican truckers affected by the United States' non-compliance with the trucking provisions of the North American Free Trade Agreement have signed on to the arbitration action.
The paper said a US-based law firm was representing Canacar in the case.
Muñoz criticised the so-called Demonstration Project, a cross-border pilot programme aimed at facilitating Mexican truckers' access to US roads, saying that "in no way has it served as a mechanism for U.S. compliance with its requirements under NAFTA," which entered into force 20 years ago, the daily reported.
He said Mexican trucking companies have been forced to make investments in the US and create cargo-transfer zones along the border.
The Canacar chief said President Barack Obama and Mexican counterpart Enrique Peña Nieto would address the matter at a meeting scheduled for Feb 19 in Toluca, capital of the central state of Mexico.
Stephen Harper, the prime minister of Canada, the other member of the NAFTA trade bloc, also is scheduled to attend the meeting.
Canacar spokespersons could not be reached to provide further details on the arbitration action.
IANS/EFE
vr
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
