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Montevideo, December 6th 2016 - 21:46 UTC

Mexico asks WTO to begin dispute procedure over Argentina’s trade restrictions

Wednesday, October 24th 2012 - 05:03 UTC
Full article 58 comments
Economy minister Bruno Ferrari said consultations with Argentina had failed Economy minister Bruno Ferrari said consultations with Argentina had failed

Mexico will ask a World Trade Organization panel to adjudicate a dispute over trade restrictions with Argentina, said Economy Minister Bruno Ferrari.

Ferrari said Mexico's request for a panel has been joined by Japan, the European Union and the United States, which had previously made similar complaints of their own.

He added that consultations with Argentina have failed to yield an agreement, but he did not provide details of specific sectors involved in the dispute.

In August, Mexico launched its first trade dispute against Argentina at the WTO regarding import licensing rules established by the South American nation, which critics say amount to a blanket restriction on imports.

The measures are among several policies adopted by the government of President Cristina Fernandez that have prompted accusations of protectionism against Argentina.

The worsening of trade relations between the two Latin American countries follows Argentina's decision to pull out of a car trade pact in early July.

Argentina's populist government has tightened controls on imports and foreign-exchange purchases in recent months to improve its balance of trade, which is crucial to boosting international reserves used to pay debt.

In March, Mexico was embroiled in a spat with the Brazilian government over cars, but resolved the issue with an agreement to cap the volume of its auto exports to Brazil over the next three years.
 

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  • Troy Tempest

    The corpse is starting to rot - CFK attracts even more attention...

    Oct 24th, 2012 - 06:03 am 0
  • LEPRecon

    Ah yes, this has been a long time coming.

    I wonder how long it will be before the usual suspects start accusing their Mexican 'brothers' of stabbing them in the back?

    Oct 24th, 2012 - 06:17 am 0
  • Iron Man

    Oh no, but I thought Mexico was your friend? Now they turn out to be vulture pirates too. How disappointing.

    Oct 24th, 2012 - 06:20 am 0
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