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FM Velasco Says US SCA Decision On Migrants "Not Binding" On Mexico

MEXICO

LOCAL NEWS

  • Mexico's Foreign Minister Velasco says US Supreme Court Decision to reinstate the Trump-era "remain in Mexico" policy has no direct implications for Mexico.
    • Notes the decision is not binding on Mexico and its immigration policy is designed and executed in a sovereign manner. Says it will pursue a technical dialogue to manage orderly, safe migration flows
  • Dept of Homeland Security says it is taking steps to comply with the High Court's appeal while the Biden Administration appeals the SCA decision
  • Pemex says platform fire could have been cause by a gas leak, but says analysis is still ongoing. Losses amount to roughly $25m/ day from lost oil sales.
    • However, production is ramping back up with 71k bbls/day recovered and 110k expected to come back online today with full production expected by Aug 30th
  • Mexico records 21,250 new Covid cases & 986 deaths on Wednesday
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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