Saturday, December 15th 2012 - 06:31 UTC

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.

Ministers Ildefonso Guajardo and Debora Giorgi (L) exchange compliments

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.
 

19 comments Feed

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1 Pirate Love (#) Dec 15th, 2012 - 10:24 am Report abuse
the lengths one has to go to in the effort of free trade with argentina.
2 Pirat-Hunter (#) Dec 15th, 2012 - 06:20 pm Report abuse
Mexico free trade with USA brought them a lot of US made guns for terrorists who murder people at an alarming rate in mexico, I don't think Argentina has anything to benefit from, when the risk of murder is soo high, as an Argentine I am now worried that Mexico's intentions have a USA made agenda when you see them take actions for cars but ignore terrorists armed by USA. I would never trust a Mexican regime with those values if you do you must be very very stupid. I hear the Mexico USA great wall is going to get bigger as free trade gets better, how else will they protect US wages?
3 andy65 (#) Dec 15th, 2012 - 06:20 pm Report abuse
Old Crissy would like everything in life to be free even her countrys debts.
4 Elena (#) Dec 15th, 2012 - 09:16 pm Report abuse
2

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.
5 toooldtodieyoung (#) Dec 15th, 2012 - 11:28 pm Report abuse
where did they dig Argentina Industry Minister Debora Giorgi up from? I mean the woman looks like an extra from the “The Walking Dead”

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.
6 Nostrolldamus The 2nd (#) Dec 15th, 2012 - 11:32 pm Report abuse
Do not take it personal “Elena”. As you probably know, Argentina is waging a legitimate fight to survive across all trade fronts (European Union, United States, Canada, Mercosur, Brasil, China, Australia, Panama, Uruguay, Mexico, Colombia, Russia, etc).

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.
7 Pete Bog (#) Dec 15th, 2012 - 11:39 pm Report abuse
@5
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.
8 toooldtodieyoung (#) Dec 15th, 2012 - 11:48 pm Report abuse
6 Tito The Clown Troll

“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
9 Nostrolldamus The 2nd (#) Dec 15th, 2012 - 11:53 pm Report abuse
Why can't you ever actually make a cogent statement??

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??
10 Elena (#) Dec 16th, 2012 - 12:52 am Report abuse
6 I agree completely in keeping tabs on imports if it´s indeed neccesary for the economy, I just dont think all the countries you made mention of are as malicious as you could think, that´s all. For example, for Uruguay trade with Argentina is esential as well as with Brazil, same with Paraguay, and their size and actual economic development certainly precludes them from dominating either Argentina´s or Brazil´s market . So I dont really see the need to make an enemy out of them especially if they are part of mercosur.

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 :)
11 JoseAngeldeMonterrey (#) Dec 16th, 2012 - 03:12 am Report abuse
Really, and with all due respect, whatever it was that Mexico agreed to with Argentina regarding trade agreements, it is irrelevant, at least for Mexico, it is just a drop of water in our bucket. Mexico exports more manufactured products than the rest of Latin America put together. And Mexico imports also more too. Mexico imports more than 300 billion USD.
12 Shed-time (#) Dec 16th, 2012 - 09:32 am Report abuse
Yet another thread consisting mainly of tobias talking to himself. How unique and experience this is.
13 toooldtodieyoung (#) Dec 16th, 2012 - 11:01 am Report abuse
12 Shed-time

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.
14 Pete Bog (#) Dec 16th, 2012 - 11:19 am Report abuse
@6
“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.
15 Captain Poppy (#) Dec 17th, 2012 - 03:24 pm Report abuse
Looking back and analyzing past plans and actions, review and adjust is the first thing a competent leader does.......but the key word there is competent.
16 ProRG_American (#) Dec 18th, 2012 - 03:12 am Report abuse
Now, this is what I call unity!

2 Pirat-Hunter (#) You took the words right out of my mouth.
17 Elena (#) Dec 18th, 2012 - 11:58 pm Report abuse
heh, if unitiy was that easy to obtain all the world would already be united and then today´s world would be better.

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 ;)
18 British_Kirchnerist (#) Dec 24th, 2012 - 05:55 pm Report abuse
Thought this would happen as soon as the already lame-duck administration that began this “dispute” had left office. Good news coming thick and fast for Cristina these days, no? =)
19 Captain Poppy (#) Dec 24th, 2012 - 07:07 pm Report abuse
You and her both love it thick and fast. I was right when I said the best of you was running down moms thighs when dad got up and ran off from her.

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