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Air Transport Agreement with Mexico Expands Options for Cargo Carriers

Tuesday, December 22, 2015
Sandler, Travis & Rosenberg Trade Report

After more than two years of negotiations, the U.S. and Mexico signed Dec. 18 a new air transport agreement that the State Department said will “significantly increase future trade and travel” between the two countries. The agreement must now be ratified by the Mexican Senate and is expected to take effect sometime in 2016.

State notes that the new agreement will benefit U.S. and Mexican airlines, travelers, businesses, airports and localities by allowing passenger and cargo airlines to fly between any city in Mexico and any city in the U.S. Transportation Secretary Anthony Foxx said this “will bolster the already strong U.S.-Mexican trade relationship” by allowing all-cargo carriers to “expand their worldwide networks, establish new routes, and provide faster services at better rates for businesses and shippers.” Charles Rivkin, assistant secretary of state for economic and business affairs, added that manufacturers and shippers will thus “be able to move goods more efficiently and cheaply, increasing the competitiveness of Mexican and U.S. products in the global marketplace.”

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