Trade Regulations

Mexico delays free trade agreement on heavy vehicles with Brazil for three years

Jun, 25, 2020 Posted by Sylvia Schandert

Week 202026

The Mexican Ministry of Economy reported on Thursday, June 25, that the start of a free trade agreement between Mexico and Brazil concerning heavy vehicles has been delayed by three years.

In the declaration, the Mexican government mentioned the coronavirus but did not explicitly establish a correlation with the pandemic due to the delay in beginning the agreement.  The pact was scheduled to start on July 1, 2020, but was postponed to July 2023.

Source: Reuters

 

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