Mexico suffers a $750 million loss in automotive exports after Argentina ends economic agreement

Posted on July 2, 2012 • Filed under: Argentina, Business, Economy, Mexico

According to Diario Yucatan, the unilateral decision of Argentina to end the Agreement of Economic Complementation (ACE) 55 will have a negative impact on the Mexican automotive industry of $750 million. Eduardo Solís Sánchez, president of the Mexican Association of the Automotive Industry (AIMA), emphasized the possibility of retaliatory economic measures from the Mexican government. He expressed his support to the Mexican government in its decision to present this case to international trade courts. Read Article

Share This Story
  • Print
  • Digg
  • StumbleUpon
  • del.icio.us
  • Facebook
  • Yahoo! Buzz
  • Twitter
  • Google Bookmarks
  • Add to favorites
  • email