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