Promoters of the proposed Dominican Republic/Central American Free Trade Agreement (CAFTA) have asserted that it will provide significant benefits to the U.S. economy, especially to the agricultural sector. Similar promises were made in the debate on the North American Free Trade Agreement in 1992 and 1993. However, since that time NAFTA has failed to live up to these promises, and similar promises made for CAFTA are even less likely to be fulfilled.
Jamaica and Mexico have agreed to joint action to promote bilateral trade and investment between the two countries, following discussions between Prime Minister PJ Patterson and Mexican president Vincente Fox yesterday.
Calling for a boost in bilateral trade between India and Mexico, a visiting delegation of Mexican industrialists on Thursday floated the idea of having a Free-Trade Agreement (FTA) between the two countries.
Many people in Japan doubtlessly woke up Friday morning ignorant of the fact that April 1 was Day One of free trade with Mexico.
Mexico and the European Commission are evaluating proposals to deepen their free trade agreement in the areas of services, investment, and agriculture.
Mexico City: President Pervez Musharraf said on Friday that Pakistan and Mexico had agreed to negotiate a free trade agreement, hoping it would pave the way for booming bilateral trade.
Mazda Motor Corp. has set up a new unit in Mexico to start selling vehicles there, taking advantage of the scheduled implementation of a free trade agreement between Japan and Mexico next year.
Japan signed a free trade agreement (FTA) with Mexico on Friday, the first such pact to cover the politically sensitive agricultural sector, officials said.
Mexico signed a free trade agreement Friday with Japan, reconfirming its world record in free trade accords — which have failed, however, to bear the promised fruits.
After months of drawn-out negotiations, Prime Minister Junichiro Koizumi Friday signed an Economic Partnership Agreement (EPA) with Mexican President Vicente Fox.
President Vicente Fox of Mexico and Prime Minister Junichiro Koizumi of Japan will sign a free trade agreement Friday that Mexico hopes will attract more investment from Japanese manufacturers and spur exports across the Pacific.
Mexico’s tequila industry is expecting a sudden surge in shipments to Japan when the tariff of 25.2 yen per liter is completely removed under a Mexico-Japan free-trade pact that takes effect April 1.
Japan and Mexico have completed final details of their bilateral free trade agreement, paving the way for its implementation as early as next April, a senior Japanese government official said.
The failure of bilateral trade talks between Mexico and Japan on October 16 has shocked both sides, particularly Japan. The talks foundered on the question of what to do about Japan’s farmers, among the most highly subsidized in the world and the power base of the ruling Liberal Democratic Party.
On March 12 Japan and Mexico reached virtual accord on the conclusion of a bilateral free-trade agreement following 16 months of negotiations.
Japan and Mexico have reached a basic accord on free trade. Japan promises to increase imports of pork, oranges and other agricultural products from Mexico, while that country says it will import more steel, automobiles and other industrial products from Japan.