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Weekly Report - 22 March 2012 (WR-12-12)
MEXICO: Mexico grudgingly accepts Brazil vehicle deal
Mexico and Brazil agreed a deal on 15 March to limit their bilateral trade in vehicles (under the ACE 55) for the next three years. The deal, which was driven by Brazilian worries about the inroads Mexican vehicle makers have made into the Brazilian market in the past couple of years, sets cash quotas on Mexican vehicle exports to Brazil for the next three years. Mexican industrialists openly questioned whether Brazil would abide by the agreed quotas if the market continued to go against them. On 21 March Mexico’s trade and industry minister, Bruno Ferrari, rejected a demand from Argentina for a revision to the ACE 55 agreement with Mexico to match the Brazilian terms.
- Deepening trade disputes threaten diplomatic repercussions
- ARGENTINA: YPF on the ropes
- BRAZIL: Congress goes on the lash
- BRAZIL: Pouring oil on Chevron’s troubled waters
- VENEZUELA: Chávez slips off the pace
- BOLIVIA: Morales gives marching orders
- PERU : Humala confronts challenge of illegal miners
- MEXICO: Mexico grudgingly accepts Brazil vehicle deal
- MEXICO: Building up
- TRACKING TRENDS
- CUBA: Crackdown follows Correa’s Cartagena boycott
- PANAMA: Does Martinelli give a dam?
- TRACKING TRENDS
- Social unrest causes political unrest in Chile
- Quotes of the week