SOME LATIN AMERICAN COUNTRIES EXPRESS CONCERN ABOUT IMPACT OF PESO DEVALUATION ON TRADE WITH MEXICO

From: SourceMex Economic News & Analysis on Mexico | Date: February 1, 1995 | Copyright information

During January, a handful of Latin American countries that entered into free trade agreements with Mexico at the beginning of 1995 asked President Ernesto Zedillo's administration to take steps to ensure that the devaluation of the peso does not create unfair trade advantages for Mexico.

Last year, Mexico negotiated bilateral trade agreements with Costa Rica and Bolivia, plus a trilateral agreement through the Group of Three (G-3) accord with Colombia and Venezuela. All of those agreements became effective on Jan. 1, 1995.

However, in statements to the press, officials from ...

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