Argentina, Mexico deepen economic accord in bid for free trade agreement

07/29/16 Reuters

Pena y MacriThe presidents of Argentina and Mexico agreed to deepen a pre-existing commercial accord on Friday, in a bid to set the groundwork for a bilateral free trade agreement.

The ACE 6, as the treaty is called in Spanish, lowers tariffs on some products and includes a number of principles regulating trade. It has been in effect since 1987, though leaders have attempted to renegotiate aspects in recent years.

“Starting from the deepening of the ACE 6, we hope to have a free-trade agreement next year,” Argentine President Mauricio Macri said at the Argentina-Mexico Economic Forum in Buenos Aires.

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