US company accuses Mexico of expropriating its property on the Caribbean coast

  • 📰 wsfa12news
  • ⏱ Reading Time:
  • 38 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 49%
  • Publisher: 59%

Corporate Management Noticias

Hospitality And Leisure Industry,Plants,International Agreements

An American quarry company says the Mexican government has carried out a de facto expropriation of its properties on Mexico's Caribbean coast

An American quarry company says the Mexican government has carried out a de facto expropriation of its properties on Mexico's Caribbean coast

“The expropriation of land and the seaport belonging to our company is another escalation and another violation of Mexico's obligations under trade agreements,” the statement said. “This illegal measure will have a long-term paralyzing effect on trade and investment relations between Mexico and the United States."

Moreover, the decree comes after López Obrador's administration cut down tens of thousands of trees in a broad swath through native jungle to build a tourist train line not far from the stone quarries. In papers filed on the case in an international arbitration panel, Vulcan Materials valued the almost 6,000-acre property, located just south of the resort town of Playa del Carmen, at $1.9 billion.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 338. in ES
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

US company accuses Mexico of expropriating its property on the Caribbean coastAn American quarry company says the Mexican government has carried out a de-facto expropriation of its properties on Mexico's Caribbean coast.
Fuente: ksatnews - 🏆 442. / 53 Leer más »

US company accuses Mexico of expropriating its property on the Caribbean coastAn American quarry company says the Mexican government has carried out a de-facto expropriation of its properties on Mexico's Caribbean coast.
Fuente: wjxt4 - 🏆 246. / 63 Leer más »

US company accuses Mexico of expropriating its property on the Caribbean coastAn American quarry company says the Mexican government has carried out a de-facto expropriation of its properties on Mexico's Caribbean coast. The government issued a decree declaring the firm's seaport and quarries to be a natural protected area, in effect prohibiting the company's activities on its own land.
Fuente: AP - 🏆 728. / 51 Leer más »