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Mexico urged to accept only temporary restrictions on auto trade with Brazil

Wednesday, March 14, 2012

Mexico’s government should only accept temporary restrictions on trade after Brazil requested a cap on vehicle exports, said Eduardo Solis, president of Mexico’s Automobile Industry Association.

“The agreement could be for one, two or three years, but after that period we have to ensure a return to free trade,” Solis said.

Mexican car exports to Brazil more than doubled in February to 25,562 units from 12,555 a year earlier. The jump in shipments threatens to stoke a trade dispute between Latin America’s two largest economies.

Source: Bloomberg