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US officials confront Mexico over Vulcan Materials land threat

June 13, 2024 | Foreign Affairs: House Committee, Standing Committees - House & Senate, Congressional Hearings Compilation, Legislative, Federal


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US officials confront Mexico over Vulcan Materials land threat
In a recent government meeting, officials addressed escalating concerns regarding Vulcan Materials, a company facing potential land seizure in Mexico's Yucatan Peninsula. The situation has drawn attention due to threats from Mexican President Andrés Manuel López Obrador, who is reportedly considering taking control of the port and land utilized by Vulcan.

Officials confirmed their awareness of the situation and emphasized ongoing efforts to engage with the Mexican government at various levels. They highlighted the importance of investment security and reliability under the United States-Mexico-Canada Agreement (USMCA), which provides mechanisms for dispute resolution.

The U.S. has actively communicated its concerns to Mexican authorities, including the Secretary of Economy and the Secretary of the Navy, who oversees port operations. Senior officials from multiple U.S. agencies have met with Vulcan's leadership to better understand their challenges and explore potential solutions.

The meeting underscored the U.S. government's commitment to protecting American investments abroad and its readiness to address any threats to those investments through diplomatic channels. As the situation develops, officials reiterated their intention to continue discussions with their Mexican counterparts to safeguard Vulcan's interests.

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