A new treaty between the United States and Mexico could "significantly increase future trade and travel" between the two countries, the U.S. Department of Transportation reported last week.
The treaty, known as the U.S.-Mexico Air Transport Agreement, follows two years of negotiations led by U.S. Secretary of State John Kerry. According to Kerry and U.S. Transportation Secretary Anthony Foxx, it will benefit both U.S. and Mexican airlines, travelers, businesses, airports, and destinations by allowing passenger and cargo airlines to fly between any city in Mexico and any city in the United States without restrictions.
"This new air transport agreement further elevates and strengthens the dynamic commercial and economic relationship between the United States and Mexico and advances our goal of shared prosperity," Kerry and Foxx said in a joint statement
. "By allowing air carriers to better meet increasing demand in both countries, the agreement will help drive economic growth in sectors beyond aviation, including tourism and manufacturing."MeetingNews Minute is now 30 Seconds to Smart. Up your meetings-industry IQ now!