Juarez industry estimates losses over US$132 million after Texas restrictions on exports

Category: Export
Published: 2024-05-02
Juarez industry estimates losses over US$132 million after Texas restrictions on exports

TEXAS – The exhaustive inspections imposed by the Texas Government on cargo transportation has left a loss valued at US$132 billion for the industrial sector of the Juarez-El Paso area, according to estimates of the Maquiladora and Manufacturing Export Industry Association (Index).

Since last Saturday, Texas authorities reactivated a series of exhaustive inspections of cargo trucks as a measure of pressure due to the increased migratory flow at the U.S.-Mexico border.

Sergio Colin, president of Index Juarez pointed out that the losses in the industry amount to 65 thousand dollars for each stranded trailer, highlighting that only last Monday 461 crossed through Zaragoza-Ysleta, when the regular average is 2,500 through that point.

The business organization reported that on average, the cost of each one of the trailers that stops crossing is equivalent to 65 thousand dollars, which would translate into a loss of US$132 billion, only last Monday.

In view of the situation, the Business Coordinating Council of Ciudad Juarez (CCE) informed that it will be seeking a dialogue with governmental entities to find solutions through the contingency committee.

Although the measures implemented by the government of Greg Abbott have not caused the stoppage of the production lines in the agricultural companies of Index, Colin did not rule out the possibility of this happening if a prompt solution is not found. He even highlighted the probability of layoffs within the maquiladora industry if the problem continues.

As part of the measures that the businessmen of Juarez will seek to implement, it was announced that letters will be sent to the Secretaries of the Interior, Foreign Affairs (SRE), Infrastructure, Communications and Transportation (SICT), as well as to the President of the Republic, the Mayor of Juarez and the Governor of Chihuahua to support the solution of this problem generated by the irregular migratory flow at the border.

Another of the actions requested by the CCE would be to work on holidays, or to seek that the Jeronimo-Santa Teresa crossing, which borders the state of New Mexico, operate 24/7, this last request would require the authorization of the central area of the National Customs Agency (ANAM).