Mexico ready to drop WTO complaint after reaching auto accord with Argentina
Mexico said it would drop a complaint over import curbs against Argentina before the World Trade Organization after the two countries signed a more limited automobile trade pact.
Mexican economy minister Ildefonso Guajardo said the country would withdraw its complaint over Argentina's trade restrictions, which also have drawn challenges from the European Union, the United States and Japan.
“We have instructed our ambassador before the WTO to withdraw the request from a dispute panel,” Guajardo said in Mexico City. “We also communicated this to the countries that had accompanied us in the process.”
The WTO dispute centres on import licensing rules, which critics say amount to a blanket restriction on imports, and is a separate issue from the countries' recent spat over automobiles.
The auto trade deal announced on Friday cuts the number of cars that Mexico can ship duty-free to Argentina. Under the new three-year accord, Argentina will buy up to 600 million dollars in Mexican cars tariff-free per year.
The new deal “reduces the amount of cars imported from Mexico by about 33%, and should restart the flow of trade between the two countries” said Argentina Industry Minister Debora Giorgi.
Argentina pulled out of a previous auto trade pact with Mexico in June after Brazil, the region's biggest economy, negotiated a cut the number of vehicles it was importing from Mexico. Global automakers have ramped up operations in Mexico in recent years, lured by lower costs.
Argentina had served notice in March that it planned to seek more favourable terms in the pact with Mexico, known as ACE-55, aiming to follow in the footsteps of Brazil.
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Yes, you got us, we actualy were planning to invade economically Argentina and then invite either hezbollah or some other “terrorist group” to deal with US. only before invading Canada with US help, our evil plan is there out for all to see :D, Sigh what a bunch of idiotic things I am reading. Now I get why our enterperneurs prefer to have deals with Asia, there is just trade and that is it.
Well, this treaty surprised me but not much, I am ok with this. After all it helps to keep a good relationship between our countries, and the Pacific Alliance is gowing in trade agreetments too, I just hope we can help Paraguay and Uruguay have more options and for Mercosur and Pacific Alliance to work togeter for all the region.
Either that or she is an escapee from a labour camp.......... I always thought that no one could look more “Living dead” than Ol' Turkey Neck... Now I can see that I was wrong.
The problem is everyone wants Argentina to allow imports indiscriminately and erradicate any local production in Argentina, sending our unemployment to the stratosphere and destroying our economy. After that a piece-meal subjugation/annexation of the country would ensue.
We of course cannot permit that, thus Argentina is in the grip of a very circumspect and leery form of xeno-aversion. There is total and systematic distrust of anything or anyone alien or extraneous to our society given the pernicious nature of past encounters.
Are all these Argentine politicians auditioning for some new zombie film to earn extra cash?
A new Argentine film may see zombies advancing across the Falklands 'kicking out the pirates'- 'Malvinas Zombies' Even in a film where the Argentine directors have control over the plot, in true Argentine style after the Zombies have disposed of the British Armed forces dressed in redcoats, they will be blown to smithereens with their own mines.
“The problem is everyone wants Argentina to allow imports indiscriminately and erradicate any local production in Argentina, sending our unemployment to the stratosphere and destroying our economy”
and, of course, KFC's / Ol' Turkey Neck's / TMBOA's / The Harpy's “Alternative economic model” isn't wreaking your own economy is it? NO, of course not, it's all those nasty horrible other countries that want you to play by the rules and honour the agreements that you sign......
wa, wa, wa Poor widdle me,
they are all against me......
I'm the victim here................ Clown
Why can't you ever respond to a question?
What does Argentina do if we open our borders and allow all imports without restriction, and then unemployment goes to 30%? What do we do then??
In fact that is why I was surprised with this news, I really thought Mexico and Argentina were to terminate any contract or maybe change it from cars to other products. I dont see this as a bad thing really, I am just surprised.
Why the “ Elena” just curious :)
Couldn't agree more, talk about liking the sound of your own voice...... If you wait while he will start arguing with himself as well.
“There is total and systematic distrust of anything or anyone alien or extraneous to our society given the pernicious nature of past encounters”
Its called an inferiority complex .HoweverArgentina's woes have been caused by themselves with no help from anyone else=self inflicted harm.
Argentina has not got the common sense to look back and analyse, why were we a very successful country around 1900?
Hence the need to bully the Falkland Islanders, which to your credit, you are against.
2 Pirat-Hunter (#) You took the words right out of my mouth.
Mexico has no trouble with neither Argentina, Chile or Brazil or Latam in general but yes, we could certainly be more united, I think this treaty and the ones Mexico has with Uruguay and Brazil as well with the entire Pacific Alliance and Central America has something to do with it. we would be stuborn in ignoring today´s geopolitic reality especially when our whole region can benefice from it ;)
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