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Mexico and Argentina Resume Free Trade Automotive

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mexicoandargentinaThe governments of Mexico and Argentina agreed to resume free trade automotive from March 2015, under the Economic Complementation Agreement (ACE) 55, advanced the Economy Secretary Ildefonso Guajardo Villarreal.

Most important is the restoration of free trade by March 2015 and to provide incremental input Mexican cars based on a figure of about 600 million units of exports, the official told reporters, after a meeting that had with Mexican business leaders.

Guajardo Villarreal said the domestic auto industry is very happy in this process, because it will re-establish free trade with Argentina.

In his opinion, this is a step for the presidents of Mexico and Argentina, at the meeting in Santiago de Chile will on the occasion of the Europe-Latin America-"to restart the Mexican trade relationship with the idea of ​​expanding our agreement number 6 which now covers 40 percent of goods and services with greater coverage. "

The head of the Ministry of Economy said that the relationship with Argentina has been very dynamic "and we want to continue to grow," he concluded.

Remember that Argentina unilaterally suspended the agreement with Mexico, arguing that the trade balance was in deficit.

The day before, the president of Argentina, Cristina Fernandez said "is closing a new automotive agreement with Mexico."

 

[readon1 url="http://www.prensaglobal.com/notas/33341.html"]Source: www.prensaglobal.com - Translation by Suyapa Ajuria[/readon1]

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