Tag Archives: NAFTA

Mexico’s Customs Corruption Supply Chain

By RICARDO CASTILLO Over the past week, both a former U.S. ambassador to Mexico and the current U.S. ambassador to Mexico, Earl Anthony Wayne and Christopher Landau, respectively, have expressed concern over what Wayne labeled “restarting and reinventing the supply chains” of Mexican materials for U.S. corporations. Landau agreed fully with Wayne in his video conference for the Woodrow Wilson

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Mexico News Roundup

By RICARDO CASTILLO Jacobson’s Hearsay Interview Former U.S. Ambassador to Mexico Roberta Jacobson probably regrets giving an interview to reporter J. Jesús Esquivel that ran on Sunday, May 3, in Mexico’s weekly magazine Proceso. Esquivel mangled the information so badly that Jacobson had to send a set of tweets to claim that she didn’t say what Esquivel said she said.

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Salvaging a Sinking Pemex

By RICARDO CASTILLO Critics are screaming their throats out claiming that Mexico is in a deep crisis! The daily answer from President Andrés Manuel López Obrador (AMLO) seems to be that Brooklyn street expression when you want to put down someone irately pointing their angry piping hot finger at you (straight out of Martin Scorsese’s 1970s classic “Taxi Driver”): “You

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Workers Wages in Upcoming USMCA

By RICARDO CASTILLO U.S. union leaders were doubtful about backing the signing of the United States-Mexico-Canada Agreement (USMCA), and rightly so. The fear the AFL-CIO had was that Mexican industrialists would continue milking workers with miserable wages as a fact of life, and its members demanded the right to witness negotiations between unions and companies to protect workers’ rights. This

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Mexico News Roundup

By RICARDO CASTILLO  USMCA Is a Done Deal Happiness is a good trade deal. And a great Christmas gift for Mexican President Andrés Manuel López Obrador (AMLO) since it affords the country a potentially secure economic future once all of the minor hurdles have been cleared. The passage of the United States-Mexico-Canada Agreement (USMCA, or T-MEC, in Spanish), which was finally

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Peterson Institute: USMCA Is Net Negative for All Three Economies

XINHUA The newly revised United States-Mexico-Canada Agreement (USMCA) represents “a net negative” for all three economies due to its regulatory mandates, especially concerning automobiles, said a report from the Washington-based financial thinktank Peterson Institute for International Economics (PIIE) released on Tuesday, Dec. 17. The USMCA modernizes trading rules and strengthens enforcement of labor and environmental rights, but its restrictions on

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