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US negotiators, despite reservations over the latest World Trade Organization (WTO) draft on the Doha Round, are expected to opt for a general framework on opening up the agriculture sector. This move, advocated by former White House trade advisors, would allow President George W. Bush to delay making costly decisions
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Mexico's negotiators in the World Trade Organization (WTO) have set a condition for the reduction of import tariffs: the elimination of subsidies granted to the agriculture export industry. This stance was articulated by Angel Villalobos, undersecretary of International Trade Negotiations at the Secretariat of Economy, who emphasized the
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The National Agricultural Council (CNA) has announced its rejection of negotiations for a free trade agreement (FTA) with Brazil, Argentina, and Paraguay. The council's vice president, Alfredo Moises Ceja, stated that Mexico's agriculture sector is sensitive and cannot compete with the export costs of these countries,
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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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Mexico's housing development industry is dominated by private constructors, but new entrants are emerging, particularly in the low-income segment of the rural population. Condak, a new housing developer, plans to build 2,500 houses in its first year, doubling the figure to 5,000 the following year. The
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Mexican Senator Manuel Bartlett Diaz, president of the Commission of Constitutional Points, announced that Congress will reject direct US pressure to privatize Mexican energy resources. Senator Bartlett's statement comes in response to comments made by Governor of Texas, Rick Perry, who called on Mexico to "leave its
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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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The number of US visitors to Mexico decreased by 5% in the first quarter of 2004 compared to the same period last year. This decline is attributed to the limited time and financial resources available to US travelers. According to the Travel Industry Association of America, the Traveler Sentiment Index,
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Mexico's tourism industry is expected to reach a record 20 million visitors this year, generating over $10 billion in revenue. According to the Undersecretary of Sectur, Emilio Goicochea Luna, 2004 will be a better year than many previous ones, with records being broken in all indices. Hotel occupation
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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
