| Treaty Ushers in a New Era for US-Mexico Air Travel Josh Lew - Travel Pulse | |
| go to original December 27, 2015 |
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Flights between the U.S. and Mexico should be getting much cheaper in the near future. The Transportation Ministers from both countries recently signed an air service treaty that will help liberalize the marketplace and increase price competition among carriers. The treaty still needs to be approved by both Washington and Mexico City. Most consider this a foregone conclusion.
U.S. Transportation Secretary Anthony Foxx said the treaty is an economic win for both countries. "This agreement is the result of the commitment on both sides of the border to strengthen the strong bonds of trade and tourism between our two countries, and demonstrate our shared commitment to a competitive, market-based international economic system."
The more-competitive marketplace should lead to lower fares for travel between the U.S. and Mexico. This will undoubtedly help the Mexican tourism industry, which relies heavily on American tourists.
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