Vulcan Receives Negligible Damages in NAFTA Arbitration Decision Against Mexico

Vulcan Materials Company announced the outcome of its North American Free Trade Agreement (NAFTA) arbitration against Mexico, originally filed in 2018. The tribunal found that Mexico violated NAFTA in several respects, but the award of monetary damages to Vulcan for these violations was negligible.

Key Details

• Arbitration Outcome: The NAFTA tribunal ruled that Mexico violated the trade agreement concerning the shutdown of Vulcan's quarrying operations.
• Financial Impact: Despite the favorable ruling on the violation, the monetary damages awarded to the company were negligible.
• Background: The arbitration was initiated in 2018 following Mexico's repudiation of an agreement and the shutdown of the company's operations in the country.