Canada, Mexico agree to uphold NAFTA
Canada and Mexico agreed on Friday to strengthen the procedures of the North American Free Trade Agreement(NAFTA) to ensure its rulings are respected.
“Mexico fully supports Canada’s position to make sure that the decisions of the NAFTA panels in the settlement of disputes are upheld,” Mexican President Vicente Fox said at a luncheon hosted by Canadian Prime Minister Paul Martin in Vancouver.
Canada is demanding Washington scrap duties on Canadian softwood after a NAFTA panel ruled the United States had failed to justify the need for the tariffs imposed three years ago, but has been rejected.
Canada is committed to working with Mexico on all such issues, Martin said.
The two leaders issued a joint statement lauding the significant progress in bilateral trade since the signing of NAFTA.
Canada is now Mexico’s second-largest trading partner while Mexico is Canada’s fifth largest.
Fox, who is on a two-day visit in Western Canada to promote investment opportunities in his country, also urged greater cooperation between the three NAFTA partners, Mexico, Canada and the United States, amid increased competition with Asian countries.
On Thursday in Canada’s oil-rich Alberta, he suggested that a North American Free Trade Agreement deal for energy be established to “protect the continent’s prosperity.”
Source: english.people.com.cn
United States, Mexico, Canada Reiterate Commitment to NAFTA
Officials from the three North American nations reaffirmed their commitment to the North American Free Trade Agreement (NAFTA) as the cornerstone for strengthening regional competitiveness at a March 24 meeting of the NAFTA Free Trade Commission.
Since its implementation in 1994, NAFTA has facilitated strong economic growth and prosperity in the United States, Canada and Mexico.
U.S. Trade Representative Rob Portman, Mexican Secretary of Economy Sergio Garc�e Alba and Canada Minister of International Trade David Emerson discussed the changing global commercial environment and the implications for North America at the meeting in Acapulco, Mexico.
Following
The Washington Posts trouble with numbers Mexico after NAFTA
On April 17, the Washington Post ran an article about Mexicos economy and the North American Free Trade Agreement, which took effect on January 1, 1994. Part of the focus was on market forces and the flight of some Mexicans to the U.S.
Still, the past 13 years havent been all bad economic news for Mexico, wrote Manuel Roig-Franzia of the Posts Foreign Service. Spurred by NAFTA, Mexicos gross domestic product has ballooned, multiplying nearly seven-fold, from $108 billion in 1993, the year before NAFTA implementation, to $748 billion in 2005.
If
NAFTA environmental commission finds Mexico slow to respond to illicit logging
Mexican authorities were sometimes slow to respond to complaints by Indians about illegal logging on their lands, and enforcement was hampered by mountainous terrain, language barriers and limited personnel, the Commission for Environmental Cooperation found in a report issued Monday.
The CEC, set up under the North American Free Trade Agreement – which includes Mexico, the United States and Canada – issued the report in response to Indians' complaints that loggers were clear-cutting pine forests in northern Mexico.
It was the latest chapter in a quarter-century battle that has seen
BERU to Sell Cable Production in Mexico and Establish a New Subsidiary For NAFTA Sales
BERU Aktiengesellschaft (FWB: BZL), Ludwigsburg, has sold its Mexican BERU subsidiary BERU S.A. de C.V. to the Mexican corporations General Cable Holdings Mexico, S.A. de C.V., Mexico and General Cable de Latinoamerica, S.A. de C.V., both having their principal place of business in Tetla, Tlaxcala, Mexico. The transfer of ownership will take place at the end of the year. At the same time, BERU has announced that it will establish a new subsidiary to operate under the name of BERU Mexico S.A. de C.V. This new
Bank Of Nova Scotia Goes Wholesale Into Mexico >BNS
When Mexican retailer Grupo Chedraui decided to bid for a group of supermarkets owned by France's Carrefour S.A. (12017.FR), it turned to a Canadian bank.
Bank of Nova Scotia (BNS) sent a team of merger & acquisition specialists to guide the retailer through the process. Along the way, the Toronto-based bank helped Chedraui finance the $550 million purchase, provided foreign-exchange services and helped it hedge its interest-rate risk.
That, says David Wilson, chairman of the bank's investment-banking wing Scotia Capital, is the kind of cross-selling potential Bank of Nova Scotia sees in Mexico.
Chinese President to visit U.S, Canada and Mexico in September
The Chinese Foreign Ministry said Friday that Chinese President Hu Jintao plans to visit the United States, Canada and Mexico from Sept. 5 to 17.
The White House said this week President George W. Bush would host Hu on Sept. 7.
China and the U.S. have gone through months of rising trade friction as well as growing cooperation on trying to stop North Korea's nuclear arms ambitions.
Hu will also attend the annual gathering of world leaders at the UN General Assembly in New York, which runs from Sept. 13-16.
The Foreign Ministry statement did
Mexico tops Canada, 7-2, in Olympic event
Former major league pitcher Rigo Beltran scattered six hits in six innings Friday and Mexico stayed alive for the final Olympic baseball qualifying spot with a 7-2 victory over Canada.
Beltran, a left-hander who pitched for St. Louis, the New York Mets, Colorado and Montreal from 1997-2004, gave up just one run. Pablo Ortega worked the final three innings to earn the save for Mexico (2-2).
Luis Garcia had four hits, and Leo Arauz went 3-for-5 with a triple and two RBIs for Mexico, which had 17 hits off five Canadian pitchers.
Joey Votto hit a
Canada Fifth As Venezuela, Colombia And Mexico Earn World Cup Berths
In the end, the ground was too much for Canada to make up at the Nations Cup.
Stuart Anderson and Craig Taylor did what they could, but a final round 4-under 67 was not enough to assure Canada one of three spots in next month’s World Golf Championships World Cup.
With a 72-hole total of 15-under 269, Canada finished in fifth spot, three shots back of Chile and Mexico, who finished in a tie for third.
Canada started the final round four-shots out of third spot.
Venezuela and Colombia both fired a final-round
Mexico hopes to expand business ties with Canada
Mexican officials expressed hopes Wednesday that their country could expand business ties and the current guest-worker program with Canada as President Vicente Fox headed to Alberta and British Columbia.
Fox will be accompanied on the two-day visit by a delegation of about 30 Mexican businessmen and will focus on meetings with Canadian leaders in the mining, transport and energy sectors, many of whom have investments in Mexico.
Fox was to meet with Prime Minister Paul Martin in Vancouver on Friday. Talks were expected to include health and environmental issues.
"Our relations are very
N.M., Mexico Agree to Raze Lawless Town
The dusty Mexican community of Las Chepas is home to only about 35 full-time residents, but U.S. border patrol agents say a caravan of old school buses and vans hauls people into the town every day. Las Chepas, authorities say, is a staging ground for would-be immigrants and drug and human smugglers.
Gov. Bill Richardson and Chihuahua Gov. Jose Reyes Baeza also said they hoped to establish a police presence in Las Chepas.
Friday‘s agreement was a partial victory for Richardson, who had asked Reyes Baeza to raze the town.
Richardson also has pledged
