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Efforts to salvage the Doha world trade talks have entered a critical phase, with World Trade Organisation members struggling to hammer out a deal on agriculture while averting threatened rebellion by developing countries. Ministers from the US, the European Union, Brazil, India, and Australia have narrowed some differences at a
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President Vicente Fox's vision for Mexico's involvement in Mercosur marks an important milestone in the creation of the Free Trade Area of the Americas (FTAA). Fox's statement highlights the significance of consolidating regional and bilateral trade agreements as a precursor to the FTAA. The
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Mexico and the Mercosur trade bloc are accelerating talks to sign a free trade agreement, with Brazilian President Luiz Inacio Lula da Silva expressing satisfaction with Mexico's interest in joining the bloc. The agreement would include tariff reductions for trade in products, but not services, government purchases, or
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The World Trade Organization (WTO) held an extraordinary meeting at the request of the United States to study the compatibility of Mexico's Special Tax on Production and Services (IEPS) on soft drinks and other sweetened beverages. The special group will comprise of members from both Mexico and the
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Mexico's trade deficit with Canada grew to $664 million between January and April 2004, due to a significant drop in exports to Canada. The decline in exports led to a 19.84% year-on-year decrease, while imports from Canada increased by 11.55% over the same period. Despite the
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The US government has requested a controversy resolution panel from the World Trade Organization (WTO) to resolve a long-standing dispute over Mexico's 20% tax on imports of beverages sweetened with products other than sugar. The White House trade representative, Robert Zoellick, stated that the time has come to
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Mexico has solidified its position as a major recipient of foreign direct investments (FDI) ten years after signing the North American Free Trade Agreement (Nafta). According to Alberto Cardenas Jimenez, head of the Secretariat of Environment and Natural Resources (Semarnat), Mexico is now the third-largest receptor of FDI at the
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Trade ministers from 21 Asia-Pacific Economic Cooperation (APEC) member countries gathered in Chile last weekend, reaffirming their commitment to restart halted talks on global trade liberalization. The meeting marked a significant step in strengthening the Doha trade talks, with ministers agreeing to support the World Trade Organization (WTO) negotiations in
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Mexico's textile industry is advocating for the World Trade Organization (WTO) to delay the abolition of textile quotas, citing the need for a more gradual transition. The industry, represented by the National Chamber of the Textile Industry (Canaintex), has signed the Istanbul Declaration with 26 other nations, calling
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Mexico is holding talks on extending trade agreements with other countries, including Peru and Brazil, despite not actively seeking new free trade agreements at present. The Secretariat of the Economy's coordinator of International Trade Negotiations, Fernando de Mateo, stated that conversations had begun with Peru, while Mexico aims
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The US Supreme Court's unanimous ruling has lifted restrictions on Mexican truckers accessing US highways, a decision hailed by Mexican business representatives as a significant step in boosting Mexico's competitiveness with Asian countries. However, concerns over environmental impacts and road safety have led some local unions
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Mexican farmers have been struggling to compete with large-scale US agricultural subsidies, but a revision of the North American Free Trade Agreement (NAFTA) may offer a glimmer of hope. The National Rural Confederation (CNC) welcomed the recent announcement of a revision, citing the potential for compensatory measures that would help
