“The government of Mexico reiterates its deep worry over the protectionist measures that Argentina is applying, as well as practices that lack transparency and affect trade between our two nations and generate uncertainty,” Mexico’s Economy Ministry said in a statement.
It said Argentina and Mexico should hold consultations over the next 30 days to try and find a mutually acceptable way out. It could ask the WTO to set up a panel to adjudicate if there is no resolution within 60 days, it said…
Mexico exported almost $2 billion in goods to Argentina last year, double the amount of trade coming the other way. But after Argentina introduced new import hurdles in February, trade has taken a knock. In June, the latest month for which data is available, Mexico exported goods worth $111 million to Argentina, down nearly 40 percent from 2011.