US, Mexico reach agreement on Rio Grande water deliveries amid drought, shortages

MEXICO CITY (Reuters) – An agreement aimed at ensuring more regular water from Mexico to the United States has been reached, both governments said on Saturday, following a long period of tension over a decades-old treaty.

A new measure of the International Boundary and Water Commission, which oversees the 1944 U.S.-Mexico water treaty, will provide Mexico with “tools and flexibility to deliver water earlier in the five-year cycle,” a statement by the IBWC said.

The neighboring countries have tussled over the 1944 treaty, which was designed to allocate shared water resources. Mexico is required to send 1.75 million acre-feet of water from the Rio Grande to the United States over a five-year cycle, supplying farmers with critical irrigation.

The Latin American country, however, has not fully delivered recently amid some of the most severe drought-driven water shortages in nearly 30 years.

Mexico said in its own statement that the measure would provide greater reliability and predictability in water allocations to users in both countries, establish new working groups and improve water quality in the Rio Grande basin.

The new measure was the result of 18 months of negotiation, the IBWC said.

Mexico and the United States will establish working groups to “develop water conservation for the benefit of both countries,” the IBWC said.

This post is originally published on INVESTING.

  • Related Posts

    Oil prices edge up to 2-week high as Ukraine war intensifies

    By Robert Harvey and Enes Tunagur (Reuters) -Oil prices were set for their biggest weekly rise in almost two months on Friday, gaining 4% as an intensifying war in Ukraine…

    COP29 climate summit overruns as $250 billion draft deal flops

    By Valerie Volcovici and Gloria Dickie BAKU (Reuters) -The COP29 climate summit presidency released a draft finance deal on Friday that would have developed nations take the lead in providing…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Oil prices edge up to 2-week high as Ukraine war intensifies

    • November 22, 2024
    Oil prices edge up to 2-week high as Ukraine war intensifies

    COP29 climate summit overruns as $250 billion draft deal flops

    • November 22, 2024
    COP29 climate summit overruns as $250 billion draft deal flops

    Indian opposition parties deny any wrongdoing linked to Adani bribery allegations

    • November 22, 2024
    Indian opposition parties deny any wrongdoing linked to Adani bribery allegations

    Mastering Profit Factor for Trading Success

    • November 22, 2024
    Mastering Profit Factor for Trading Success

    Oil prices head for weekly gain on Russia-Ukraine tensions

    • November 22, 2024
    Oil prices head for weekly gain on Russia-Ukraine tensions

    Exclusive: Prop Firm My Forex Funds and the CFTC Are Probably Negotiating a Settlement

    • November 22, 2024
    Exclusive: Prop Firm My Forex Funds and the CFTC Are Probably Negotiating a Settlement