Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries US seeks trade panel to resolve labor conflict at Mexican mine By: FOXNews.com August 22, 2023 at 17:43 PM EDT The U.S. government announced on Tuesday its decision to activate a dispute-settlement panel under labor regulations embedded in the USMCA, marking the first instance of such an action. The U.S. government said on Tuesday that it has requested its first dispute-settlement panel invoking labor rules under a trade pact with Mexico, in an effort to resolve a long-running workers' conflict at Grupo Mexico's San Martin mine.The United States in June asked Mexico to review allegations of worker-rights abuses at the mine under the United States-Mexico-Canada Agreement (USMCA), but Mexico said the matter did not qualify for review under the trade deal.In a statement, the Office of the U.S. Trade Representative (USTR) said it disagrees with the Mexican government's determination."It is appropriate to request a panel to verify the facility's compliance with Mexican labor laws," the USTR said.Companies have closely watched U.S. labor complaints play out since the 2020 start of the USMCA, which replaced NAFTA. Under the agreement, companies can be sanctioned if they fail to swiftly resolve labor complaints.TROPICAL STORM HILARY BATTERS CALIFORNIA WITH DANGEROUS FLOODING, MUDSLIDES, POWER OUTAGES Grupo Mexico, a top global copper producer, declined to comment. Mexico's economy and labor ministries did not immediately reply to requests for comment.Mexican union The Miners has argued that Grupo Mexico violated an extended workers' strike when it resumed operations at San Martin, which contains lead, copper, zinc and silver, and negotiated with a group of workers who did not have the right to represent the workforce.Mexican law does not allow companies to operate normally while a strike is in place, the U.S. said in a letter to Mexican officials, arguing workers "are being denied the right of free association and collective bargaining."Those rights are key tenets of the USMCA, which aims to improve workplace conditions in Mexico.In a separate dispute, Mexico rejected last week a U.S. request for review at Grupo Yazaki's auto components factory, saying it did not find substantial evidence that worker rights were denied. Related Stocks: Fancamp Exploration Ltd Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
US seeks trade panel to resolve labor conflict at Mexican mine By: FOXNews.com August 22, 2023 at 17:43 PM EDT The U.S. government announced on Tuesday its decision to activate a dispute-settlement panel under labor regulations embedded in the USMCA, marking the first instance of such an action. The U.S. government said on Tuesday that it has requested its first dispute-settlement panel invoking labor rules under a trade pact with Mexico, in an effort to resolve a long-running workers' conflict at Grupo Mexico's San Martin mine.The United States in June asked Mexico to review allegations of worker-rights abuses at the mine under the United States-Mexico-Canada Agreement (USMCA), but Mexico said the matter did not qualify for review under the trade deal.In a statement, the Office of the U.S. Trade Representative (USTR) said it disagrees with the Mexican government's determination."It is appropriate to request a panel to verify the facility's compliance with Mexican labor laws," the USTR said.Companies have closely watched U.S. labor complaints play out since the 2020 start of the USMCA, which replaced NAFTA. Under the agreement, companies can be sanctioned if they fail to swiftly resolve labor complaints.TROPICAL STORM HILARY BATTERS CALIFORNIA WITH DANGEROUS FLOODING, MUDSLIDES, POWER OUTAGES Grupo Mexico, a top global copper producer, declined to comment. Mexico's economy and labor ministries did not immediately reply to requests for comment.Mexican union The Miners has argued that Grupo Mexico violated an extended workers' strike when it resumed operations at San Martin, which contains lead, copper, zinc and silver, and negotiated with a group of workers who did not have the right to represent the workforce.Mexican law does not allow companies to operate normally while a strike is in place, the U.S. said in a letter to Mexican officials, arguing workers "are being denied the right of free association and collective bargaining."Those rights are key tenets of the USMCA, which aims to improve workplace conditions in Mexico.In a separate dispute, Mexico rejected last week a U.S. request for review at Grupo Yazaki's auto components factory, saying it did not find substantial evidence that worker rights were denied. Related Stocks: Fancamp Exploration Ltd