The Secretary of Industrial Planning of the Ministry of Industry, Horacio Cepeda, recently met with the Undersecretary of Foreign Trade of the Secretariat of Economy of Mexico, Francisco de Rosenzweig, in order to review the bilateral commitments for trade in motor vehicles and automobile parts.

Both parties agreed the bases to modify the Economic Complementation Agreement 55 (ECA 55) and maintain the flow of bilateral trade, free of tariffs on automotive matters, through a scheme of quotas and countertrade.

The talks recently held by officials in Buenos Aires, rely on timely commitment made by the Minister of Industry, Débora Giorgi, and the Secretary of Economy, Ildefonso Guajardo Villarreal, to continue promoting the automotive sector in both countries for the benefit of a greater regional productive integration.

In the dialogue held by the delegations of Mexico and Argentina, in the Palace of Finance and the Ministry of Industry of Argentina, also took part the Secretary of International Economic Relations of the chancellery, Carlos Bianco; the Ambassador of Mexico in Argentina, Fernando Castro Trenti, and the Undersecretary for Latin America and the Caribbean of the Mexican chancellery, Vanessa Rubio Márquez, among other officials.

The basis of this agreement will be presented in the coming days by the Minister Débora Giorgi and the Secretary of Economy, Ildefonso Guajardo Villarreal.