Brazil, Mexico agree to extend auto trade agreement

WSJ – Brazil and Mexico they renewed vehicle quotas for four years, delaying the implementation of a free-trade agreement between the two countries.

The countries had allowed free trade in vehicles from mid-2011 to early 2012, then switched to the quota system after Brazil complained that the strengthening of the Brazilian real over the previous decade had made its cars uncompetitive abroad.

http://www.wsj.com/articles/brazil-mexico-to-renew-auto-trade-agreement-1425899470

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