Yesterday, companies The United States and Canada have filed two new trade lawsuits against Mexico.for alleged violations of the law of the time North American Free Trade Agreement (NAFTA), now replaced by the T-MEC; The two compensations total $258 million.
While Arbor Confections Inc. and the brothers Mark Alan and Brad Ducorskythey ask the Mexican government for 80 million dollars for the payment of rent for an industrial warehouse, the Canadian company Silver Bull Resources demands the payment of 178 million dollars, since the last NAFTA.
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This, due to the illegal blockade of its Sierra Mojada project, a beach and zinc mine located in Coahuilawhich they have not been able to access since September 2019. This was blocked by the Cooperative Mining Exploration Company “Mineros Norteños”.
In this regard, the company announced that it would begin this compensation process last March, as well as a conciliation meeting with the Mexican authorities on May 30. No agreement was reachedhe therefore decided to file a complaint with the International Center for World Bank Investment Dispute Settlement (ICSID).
In the case of Arbor Confections Inc., according to the CIAR Global portal, there was also a conciliation meeting with the Secretary of Economyon June 20, but without success.
With the two complaints, 17 arbitrations are pending against Mexico for violations of the NAFTAcounting only those brought before the ICSID, this, so far in the six-year term of Andrés Manuel López Obrador, however, not all of them are controversies of this administration.
There are American companies like I am far, who are demanding up to $3 billion for the illegal expropriation of property in Jalisco; either Legacy Vulcanwhich asks for 1.9 billion dollars for the exploitation of limestone in Quintana Roo.
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