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Mexico crosses swords with Argentina on trade

Monday, August 27, 2012

Mexico has launched its first dispute against Argentina at the World Trade Organization, following similar complaints against Argentina by the European Union, United States and Japan, the WTO said.

The four complaints centre on Argentina's import licensing rules, which its critics say amount to a blanket restriction on imports and are one of several protectionist policies adopted by the government of President Cristina Fernández.

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

Source: Reuters