Border delays costing estimated US$800 million at day

Category: News
Published: 2019-04-10

MEXICO – Delays at the Mexico-United States border are costing Mexican exporters US$800 million at day, according to the president of Confederación de Cámaras Industriales (Concamin).

Thousands of trucks have faced long wait times at several ports of entry to the United States since early last week following a decision by U.S. Customs and Border Protection to reassign 750 border officials to deal with a massive influx of migrants. Some lanes at border crossings have been closed as a result.

Francisco Cervantes said that the US$800 million figure is an estimate because Concamin is waiting for Consejo Nacional de la Industria Maquiladora y Manufacturera de Exportación, A.C (Index) to provide information about the losses of its member companies.

He warned that if the delays continue, the United States will suffer from a shortage of Mexican products such as auto parts and fresh food.

Source: Mexico News Daily