Mexico’s next leader wants more trade with Brazil, not less

Reuters, 9/21/2012

Latin America’s two largest economies should be expanding rather than curbing trade flows, Mexico’s President-elect Enrique Pena Nieto said on Thursday in veiled criticism of a Brazilian restriction on Mexican car imports.

Brazil modified an auto pact with Mexico in March to slap a quota on surging imports of Mexican-made cars, a move that many saw as a return to protectionist policies of the past.

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