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Mexico pulls out of Argentina auto pact in tit-for-tat

Friday, July 6, 2012


Mexico has withdrawn a zero-tariff agreement with Argentina on autos in a tit-for-tat trade dispute after the Argentine government's decision to pull out of an auto trade pact between the two countries.

Francisco de Rosenzweig, Mexican undersecretary for trade, said the measure became effective on June 26.

Mexico had said on June 25 that Argentina had pulled out of the auto trade pact over the deal's conditions.



Source: Reuters