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Mexico snubs Argentina on plans to review auto pact

Thursday, March 22, 2012

Mexico will oppose Argentina if it tries to scrap a bilateral auto accord and even take the issue to the World Trade Organization if the dispute escalates, Mexico's economy minister said.

Argentina said this week it would seek more favorable terms in the deal that sets import and export limits. In a similar move last week, Brazil won concessions limiting the number of Mexican auto exports to the country.

"Mexico's position towards Argentina is totally different," Mexico Economy Minister Bruno Ferrari told reporters. "We see nothing that would allow reopening this issue."

Source: Reuters