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LatinNews Regional Monitor: Mexico - 17 April 2019

In brief: Mexico

* Mexico’s economy ministry has revealed the new quotas regarding the export of Mexican vehicles to Argentina under the rules of the Economic Complementation Agreement No. 55 (ACE 55). According to the local press, both countries have agreed the following over a three year period: from 19 March 2019 to 18 March 2020, vehicle exports will be tariff free up to US$701.25m; from 19 March 2020 to 18 March 2021 this figure will increase to US$736.3m before rising to US$773.12m from 19 March 2021 to 18 March 2022.

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