MEXICO CITY Automotive
associations in Mexico and Argentina have reached an agreement
to re-establish preferential trade for light vehicles by March
19, 2015, according to Mexican automotive association Amia.
Mexicos Amia and
Argentinas Association of Automotive Makers (Adefa) have
asked their respective governments to start a formal dialogue
based on the proposal, Amia said.
"Amia and Adefa agreed to send
this accord immediately to their governments, asking them to
initiate a formal dialogue," the Mexican association said.
The agreement between Amia and
Adefa is based on increased export quotas between the two
nations, Amia said, declining to specify quotas proposed under
the new agreement.
Earlier this year, Argentina
ordered the automotive-related Economic Complementation
Agreement (Ace 55) to be suspended for three years, forcing
Mexican companies established in Mexico to pay a 35-percent
duty to export cars to the South American country. In August,
the Mexican government said it would take the issue to the
World Trade Organization.
A version of this article was first published by AMM sister
publication Steel First.