Mexico delays free trade agreement on heavy vehicles with Brazil for three years

The Mexican Ministry of Economy reported on Thursday, June 25, that the start of a free trade agreement between Mexico and Brazil concerning heavy vehicles has been delayed by three years.

In the declaration, the Mexican government mentioned the coronavirus but did not explicitly establish a correlation with the pandemic due to the delay in beginning the agreement.  The pact was scheduled to start on July 1, 2020, but was postponed to July 2023.

Source: Reuters

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