MEXICO CITY (El Common).— The US Secretary of State, Antony Blinken, warned the federal government of Andrés Manuel López Obrador this Tuesday in opposition to a doable expropriation of the land of the Vulcan Supplies (Calica) firm in Playa del Carmen, mentioning that “It isn’t a great way to draw funding.”
Throughout a listening to earlier than the US Senate Overseas Relations Committee, Senator Tim Kaine requested Blinken in regards to the concern.
“We’ve got an organization, Vulcan Supplies, that has a presence in Virginia, Tennessee and different states within the nation. They’ve a port (Punta Venado) and land in Mexico. “AMLO has tried to applicable that land on two events, even with police and army invasions,” mentioned Kaine, president of the Senate Overseas Relations Subcommittee for the Western Hemisphere, earlier than asking Blinken to decide to working “to clarify to the Mexican authorities that appropriating the personal property of American firms can be very unhealthy for this vital relationship now we have with Mexico.”
“I believe that is topic to an arbitration process at the moment,” Blinken responded, including that, in any case, “now we have raised the purpose in a generic solution to the federal government of Mexico, together with the President, that the confiscation of “Personal firms are usually not a great way to draw funding.”
Vulcan Supplies, which started working in Playa del Carmen greater than 30 years in the past, below the identify Calica, has maintained a lawsuit since 2018 in opposition to the Mexican State. Within the attraction, filed earlier than the Worldwide Middle for Settlement of Funding Disputes of the World Financial institution (ICSID), it alleges impacts on its enterprise, below the principles of the earlier North American Free Commerce Settlement (NAFTA).
President Andrés Manuel López Obrador alleges that Calica has brought on an “ecological disaster” because of the exploitation of limestone and threatens to expropriate the land and the Vulcan maritime terminal, devoted to the extraction of stone materials for export to the US. In July 2022, the ICSID approved Vulcan to current one other attraction associated to the closure imposed by Profepa on its open pit mine. The corporate calls for compensation of 1.9 billion {dollars}. This isn’t the primary time that Blinken has raised his voice regarding this case. In March 2023, the Secretary of State mentioned within the US Home of Representatives that “the opportunity of a case like this having a chilling impact on additional funding or participation by our firms when seeing what is occurring with Vulcan “It ought to be an actual concern for the federal government of Mexico.”
Blinken mentioned he’s “very involved in regards to the truthful remedy of our firms in Mexico, by way of the broader setting during which they’re working, and it’s one thing that now we have repeatedly engaged with President López Obrador, however I’m additionally very involved in regards to the scenario of Vulcan Supplies.”
Final week, Democratic and Republican congressmen proposed sanctioning these ships that use ports seized from American firms, as retaliation for López Obrador’s risk in opposition to Vulcan.
#warning #AMLO
2024-05-30 20:53:43
