New NAFTA Trade Agreement Increases Opportunities
July 6, 2011 § Leave a comment
Today is the day that Mexican truckers will be allowed to carry goods across the U.S. again. In 2007, President Bush started a pilot program that would allow some Mexican trucks to import goods into the U.S. themselves. At the time, the Transportation Department found that Mexican trucks and drivers had few safety violations, yet in 2008, President Obama did away with that part of the NAFTA agreement, and faced 2.4 billion dollars punitive tariffs on American exports from the Mexican government.
With the restart of the program, Mexican carriers will have to meet a strict series of safety requirements in order to transport goods from Mexico across the United States. It will be a positive change in the NAFTA agreement that will increase trade opportunities with Mexico and enhance the relationship businesses in both countries have with each other.
What are your thoughts on the restart of this NAFTA program? I’d love to hear what you have to say on the issue.
Related article from the NYTIMES: North American Free Trade Agreement