Mexican delegation mobilizes to protect remittances
A plural commission of Mexican senators, supported by the Secretary of Foreign Relations (SRE), traveled to Washington this Wednesday with the aim of articulating a diplomatic strategy against the possible imposition of taxes on remittances by the US government. The delegation, made up of representatives of four political parties, held key meetings with the Mexican ambassador to the US, Esteban Moctezuma, to consolidate economic and social arguments that support their position.
Arguments and data for negotiation
The legislators analyzed detailed information on the impact of monetary transfers in both economies, highlighting that Mexico received more than 60 billion dollars in remittances during 2024, according to data from the Bank of Mexico. This financial flow represents a vital source for millions of families and contributes to local development. Roberto Velasco, head of the North American Unit of the SRE, emphasized that the measure would affect not only migrants, but also receiving communities in the United States.
Among the key points on the agenda is a strategic dialogue scheduled for this Thursday with US congressmen, where studies will be presented that demonstrate how remittances:
- Reduce pressure on US welfare systems
- They promote economic stability in regions with high migration
- Generate bilateral trade benefits
Economic and diplomatic implications
The tax initiative, still under discussion in the Capitol, could establish a tax between 3% and 5% on each transaction. Experts warn that this would discourage the use of formal channels, increasing the risks of informal operations. Senator Geovanna Bañuelos pointed out that “the measure contradicts current trade agreements”, while her colleague Alejandro Murat stressed the humanitarian nature of these transfers.
The SRE also coordinates meetings with think tanks and the media to amplify the message. According to diplomatic sources, the aim is to balance the narrative on remittances, highlighting their role as a development tool rather than as “capital flight.”
Next steps and call to action
The delegation will hold meetings with key senators from both parties in the US, including members of the Foreign Relations and Treasury committees. At the same time, a digital campaign was activated with testimonies from beneficiary families, coordinated with migrant associations.
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To delve deeper into the topic, explore our special on migration and global economy where we analyze similar cases in Europe and Asia.
