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Yellen travels to Mexico to promote cooperation on fentanyl and supply chains

Yellen travels to Mexico to promote cooperation on fentanyl and supply chains

The secretary of Treasure of USA, Janet Yellenwill travel to City of Mexico this week to promote cooperation with Mexican counterparts in combating illicit finance and fentanyl trafficking, along with strengthening Mexico’s role in its country’s supply chains, Treasury officials said Monday.

Yellen’s trip, from December 5 to 7, will include meetings with Mexican President Andrés Manuel López Obrador, and the country’s central bank governor and treasury secretary, among others, the US Treasury said in a statement.

López Obrador had indicated earlier in his morning conference that Yellen will visit the Latin American country this week to “work on tax issues” with the Secretary of the Treasury, Rogelio Ramírez de la O, and that for his part he would meet with her on Thursday.

The trip of the American secretary is known after the Treasury announced on Monday a “strike force” against fentanyl that will marshal department resources, including the Bureau of Terrorism and Financial Intelligence and the Internal Revenue Service’s Criminal Investigation unit, to disrupt illicit drug trafficking.

US President Joe Biden and Chinese President Xi Jinping agreed last month to step up cooperation to stop the flow of fentanyl precursor chemicals, which are often mixed by Mexican drug gangs before distribution in USA. (Reporting by David Lawder in Washington; Additional reporting by Adriana Barrera, Editing in Spanish by Aida Peláez-Fernández)

Source: Gestion

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