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Tuesday, September 24, 2024
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HomeEnvironmentVulcan Materials plans legal action after Mexico expropriates land for nature reserve

Vulcan Materials plans legal action after Mexico expropriates land for nature reserve

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MEXICO CITY (Reuters) – U.S. construction firm Vulcan Materials said on Tuesday it planned to defend itself using all available legal avenues after Mexico turned land that contains a company-run quarry and port on the Riviera Maya into a nature reserve.

Vulcan called the move a “new violation” of Mexico’s commitments to regional trade agreements, including the USMCA trade pact, and said it will have a chilling and long-term effect on U.S.-Mexico trade and investment relations.

(Reporting by Anthony Esposito; Editing by Kylie Madry)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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