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Mexico & Nafta - August 2016 (ISSN 1741-444X)
Building new bridges with South America
On 25 July, Brazil’s foreign minister, José Serra, visited Mexico to discuss the extension of the complementary economic accord (ACE 53) with his Mexican peer, Claudia Ruiz Massieu. The ACE 53, which was signed in 2002 by Mexico’s former president Vicente Fox (2000-2006) and Brazil’s former president Fernando Henrique Cardoso (1995-2002), is a bilateral trade accord that establishes the terms under which preferential trade between the two countries is conducted. Both ministers said that due to the adverse current economic situation in Latin America, their respective governments were now not only committed to maintaining positive bilateral trade relations but were also keen on developing them further.
- Mexico combats “social cancer” of corruption
- Proposed new education model fails to convince
- Fentanyl trafficking comes into focus
- First contraction in three years
- Fuel price increase irks all sides
- Financing needs in 2017
- Building new bridges with South America
- Peña Nieto pays one last visit to Obama before he leaves the presidency