International Trade
Mexico-US Bilateral T-MEC Review Talks Set to Begin March 16 Amid Private Sector Optimism and Regional Developments
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Mexico and the United States will launch the first formal bilateral round of talks on March 16 in Washington to review the United States-Mexico-Canada Agreement (T-MEC), announced by Economy Secretary Marcelo Ebrard on March 5 following agreement with U.S. Trade Representative Jamieson Greer. Discussions will cover rules of origin, industrial integration, supply chain security, and regional competitiveness, as Mexico's private sector expresses optimism.
Oil prices dipped as investors awaited developments on the Iran ceasefire and President Trump's summit with China's Xi Jinping. Brent crude futures fell to $106.95 a barrel while WTI futures reached $101.52.
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Japan's Foreign Ministry is establishing a new center to assist Japanese companies in investing in India. The initiative addresses challenges such as complex regulations and tax systems. It also promotes collaboration in AI, startups, and critical minerals, supporting a target of 10 trillion yen in private investment by 2035.
The Commercial Aircraft Corporation of China (Comac) has injected 634 million yuan (US$91.76 million) into its affiliate Chengdu Airlines to broaden the international reach of the C909 regional airliner. Combined with other funding, this has nearly tripled the airline's registered capital from 680 million yuan to 2 billion yuan. Analysts see the move as groundwork for deploying more C909s on commercial flights to Southeast Asia, Central Asia, and Russia.
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Indonesian President Prabowo Subianto expressed readiness to mitigate risks from US President Donald Trump's hike of global import tariffs to 15%, announced February 21, 2026, one day after a Supreme Court ruling invalidated prior tariffs. Officials affirmed that bilateral trade negotiations continue, highlighting zero-tariff deals for key Indonesian exports.
The Argentine government signed a reciprocal trade and investment agreement with the United States, seen as a first step toward a potential free trade deal. Signed in Washington, the measure will eliminate tariffs on thousands of products and expand the beef export quota to 100,000 tons annually. Officials hailed the deal as a boost to the country's international integration.
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Foreign Minister Pablo Quirno announced a trade agreement between Argentina and the United States that expands the beef export quota to 100,000 tons and removes tariff barriers in key sectors. The deal aims to strengthen bilateral economic ties and could boost exports by up to $1,013 million. The agricultural sector, particularly meat exporters, hailed the pact as a major step forward.
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