US-Mexico Trade Pact?
THE United States and Mexico are talking about negotiating a free trade agreement similiar to a US-Canadian trade pact in a bid to create a unified North American market, a US trade official said Tuesday. Mexico is the US's fourth-biggest trading partner, after Canada, the European Community, and Japan.
American products exported to Mexico totaled $24.97 billion in 1989, up 21 percent from the previous year, while US imports from Mexico rose 17 percent to $27.19 billion, according to data from the Commerce Department.
``If the Canadian trade pact is any indication, the negotiations will be long and difficult,'' the US official said.