Border’s closure could affect binational economy

Category: News
Published: 2019-04-03

TIJUANA – The threat of closing the border between Mexico and U.S by  president Donald Trump, could affected the economy in these two countries, assured the president of Colegio de Economistas de Baja California, Domingo Ramos Medina.

The specialist said that customs in Tijuana could have a daily loss of US$3.1 million and the closure could cause the lack of inventories by not allowing the free transit of trucks, activity that registers more than 7,000 operations daily.

“It depends, if the border closes immediately, and how long it stays closed, that would imply economic losses, and the consequences could be jobs, investments, sales,” he noted.

Ramos Medina pointed out that the commerce between the border of Mexico and U.S is worth about US$600 billion annually

Mr. Medina stressed the importance of the sector in the industry in Tijuana, since this city is where cars from the most important brands in the world are produces and manufactures.

For his part, the researcher of Colegio de la Frontera Norte, Alejandro Díaz Bautista, emphasized that the closure of the border could generate negative consequences, not only for the migrants that ask for asylum, but also for the commerce and the economic integration between Mexico and the U.S.


Source: El Sol de Tijuana