OAS

 
MERCOSUR-Mexico Auto Sector Agreement
  Background and Negotiations
   

The Economic Complementation Agreement (ACE) No 55 regarding the automotive sector between Mexico and the member countries of the MERCOSUR (Argentina, Brazil, Paraguay and Uruguay) was signed in July 2002 as part of the ongoing negotiations anticipated under Economic Complementation Agreement (ACE) No 54.

Under the automotive agreement, countries negotiate annual bilateral import quotas for tariff-free entry of automobiles. Such annual quotas have been established between Mexico and Argentina; Mexico and Brazil; and Mexico and Uruguay. Negotiations towards the auto sector agreement concluded on 05 July 2002 at the XXII Summitt of Presidents of MERCOSUR. The agreement, which was signed on 27 September 2002, anticipates free trade in automobiles as of July 2011.

Documents relating to the negotiations
05 July 2002

Mexico and MERCOSUR sign trade agreement ( Economic Complementation Agreement 54) Spanish PDF format

Source: Embajada de México en Uruguay; Secretaría de Economía de México

  Entry into Force
   

The agreement entered into force on 01 January 2003. In Brazil the agreement was entered into force as of 15 January 2003.

Legislation to implement the agreement in each of the countries that have completed their procedures is as follows:

Argentina: Note C.R. N° 172/02 of 17 December 2002 - Decree N° 415/92 (CR/di 1528).
Brasil: Note N° 201 of 08 November 2002- Decree 4.458 of06 November 2002 (CR/di 1514).
México: Note N° 286/02 of 19 December 2002 (CR/di1550) and Note N° 1/03 of 3 January 2003 which annexes the agreement published in the official gazette of 31 December 2002 (CR/di 1542).
Uruguay: Note N° 893/02 of 17 December 2002 - Decree 663/05 of 27 November 1985 (CR/di 1533).

Source: Secretaría General de la Asociación Latinoamericana de Integración (ALADI)

  Implementation of the Agreement
   

Several Protocols modifying parts of the agreement have been adopted since its entry into force.

On 10 March 2015, the governments of Brazil and Mexico reached an agreement to amend the Agreement of Economic Complementation 55 (ACE 55).

A few days later, on 16 March 2015, Argentina and Brazil signed with Mexico the Fifth Additional Protocol to Appendix I and the Fifth Additional Protocol to Appendix II to amend the ACE 55, respectively.

Documents related to the Implementation
16 March 2005 Brazil and Mexico agree to extend auto trade agreement Spanish PDF New
16 March 2005 Argentina and Mexico agree to extend until 2019 the Fifth Additional Protocol to Appendix I to ACE 55 PDF New
10 March 2005 Brazil and Mexico Reach Agreement to amend the Agreement of Economic Complementation 55 (ACE 55) Spanish PDF
Source: Secretaría de Economía de México; Secretaría General de la Asociación Latinoamericana de Integración (ALADI)

  Related Articles and Studies
   
  Secretaría de Economía de México. Reporte de la relación comercial y de inversiones entre México y Brasil Spanish PDF
 

Secretaría de Economía de México. Negociaciones entre México y MERCOSUR Spanish PDF format

  Sources
   
 

Recent Developments
   16 March 2005. Argentina and Brazil agree to extend bilateral auto trade agreements with Mexico New
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