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Mexico Reduces Taxes in Country's North in Bid to Develop Areas Bordering US

© AP Photo / Rebecca BlackwellA front page newspaper headline reads "He did it!" over a picture of U.S. President Donald Trump holding up signed documents, as he took action to jumpstart construction on a promised border wall, in Mexico City, Thursday, Jan. 26, 2017
A front page newspaper headline reads He did it! over a picture of U.S. President Donald Trump holding up signed documents, as he took action to jumpstart construction on a promised border wall, in Mexico City, Thursday, Jan. 26, 2017 - Sputnik International
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MEXICO CITY (Sputnik) - Mexican President Andres Manuel Lopez Obrador signed on Saturday a decree on tax incentives for the development of the country's north, in particular, the areas bordering the United States.

"With the signing of a special program for the country's north is being launched, first of all, special tax conditions are being created for the zone bordering the United States. It is extremely important for the employment creation, the program will come into force starting on January 1," the Mexican president said presenting the program in the country's city of Monterrey.

Central American migrants begin their morning trek as part of a thousands-strong caravan hoping to reach the U.S. border, as they face the Pico de Orizaba volcano upon departure from Cordoba, Veracruz state, Mexico, Monday, Nov. 5, 2018. A big group of Central Americans pushed on toward Mexico City from a coastal state Monday, planning to exit a part of the country that has long been treacherous for migrants seeking to get to the United States. - Sputnik International
Mexico to Allow In People From US Who've Been Interviewed by US Authorities
According to the president, it is first planned to halve the added value tax in the area from 16 percent to 8 percent, after which the country's authorities plan to reduce fuel prices and double minimum wages.

READ MORE: Mexico Says Ready to Host Migrants Until US Courts Rule on Asylum Requests

Thousands of Mexican citizens, in particular from the country's north, have been illegally crossing into the United States in search of greener pastures, with the issue being the main stumbling block in the relations between the two countries.

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