Mexico will protect its companies with businesses in Cuba before US sanctions.

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Mexico will protect its companies with businesses in Cuba before US sanctions. In the image, the chancellor of Mexico, Marcelo Ebrard. EFE / Archive

 Mexico, – Mexico lamented on Wednesday the US decision to apply Title III of the Helms-Burton Law, which allows lawsuits to companies from third countries linked to expropriated goods in the Cuban Revolution, and assured that it will protect its companies that do business or have an interest in doing so on the island.

“As it has done historically, Mexico rejects the application of unilateral trade laws with an extraterritorial nature, because they violate the norms of international law,” the Mexican Foreign Ministry said in a bulletin.

By establishing its position on the announcement of the application of Title III of the Helms-Burton Act, Mexico ratified its support for the end of the economic and commercial blockade imposed on Cuba.

The application of this Title will allow US citizens to file lawsuits as of May 2 against companies that use confiscated properties after the Cuban Revolution in 1959.

Mexico pointed out that the measure may affect foreign companies in Cuba, so “it will protect Mexican companies that do or have an interest in doing business with Cuba and that could be affected.”

On this day, the US Secretary of State, Mike Pompeo, announced the activation for the first time in history of a measure that will allow claiming before US courts properties expropriated by the Cuban Revolution.

“The Administration of (Donald) Trump will no longer suspend Title III (of the Helms-Burton Act), a decision that will take effect on May 2,” Pompeo told a news conference.

This policy change will open the door to US demands. against companies from all over the world, including Spanish hotel chains such as Meliá, Barceló and Iberostar; as well as the Canadian company Sherritt, dedicated to the mining sector and one of the main foreign investors on the island. . (EFE).

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