Wednesday, March 18, 2009

Mexico and the U.S. began a trade war.

Mexico raised tariffs on imports of American goods, after the U.S. government did not approve the program, under which trucks from Mexico to deliver goods to the United States. This is the agency Bloomberg, which describes the situation as a trade war between Mexico and the new American administration. In total, the value of goods on which tariffs will be increased, reaching 2.4 billion dollars.
On raising taxes announced the day before the Minister of Economy of Mexico Gerardo Ruiz Mateos (Gerardo Ruiz Mateos). Upwards will be changed tariffs on the importation of 90 types of goods from 40 U.S. states. As writes edition, it is primarily about the products, particularly rice, wheat, beans and beef.
According to the Mexican side, the United States ban on the entry of Mexican trucks violate the rights of U.S. trading partners in NAFTA - the North American Free Trade Area (North American Free Trade Area). NAFTA Agreement between the United States, Canada and Mexico came into force in 1994 and was concluded in order to avoid barriers to trade between the States Parties.
According to the U.S. Department of Commerce, in 2008, trade between Mexico and the U.S. amounted to 368 billion dollars. Thus, Mexico became the third largest trading partner States after Canada and China.

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