The Diplomat - When Presidents Obama and Peña Nieto meet, the topic of Asia is lurking in the background. That’s because Peña Nieto has made diversifying Mexico’s trading partners to reduce dependency on the U.S. a cornerstone of his administration’s focus.
AP — Mexico says its tomato growers have signed and implemented a new agreement with the United States to end a dispute over trade in fresh tomatoes. Mexico's tomato trade with the U.S. was worth more than $1.8 billion in 2011.
Reuters - Cargill Inc has reached a settlement with Mexico in a dispute that resulted in a $77 million arbitration award for the U.S. agribusiness company, according to court documents filed Thursday.
Dow Jones - Mexico is seen posting its second-biggest monthly trade deficit this year for December on softer manufacturing exports and falling prices for crude-oil exports, but the nation's overall trade shortfall for 2012 is projected to be quite modest.
Reuters - A U.S. trade panel has given final approval to anti-dumping duties on hundreds of millions of dollars of residential washing machines from Mexico and South Korea in a case brought by American manufacturer Whirlpool.
Latin American Herald Tribune - Negotiations are taking place for Mexico to purchase up to 500,000 tons annually of fertilizer from Ukraine, which is the top country producing and exporting chemical fertilizers in the world.
Reuters - Mexico will drop a complaint before the World Trade Organization against Argentina over trade restrictions after the two countries reached a new automobile pact, Mexican economy minister Ildefonso Guajardo said on Friday.
Reuters - Argentina is close to sealing a new automobile trade deal with Mexico that could help revive trade between two of Latin America's top economies, Argentine President Cristina Fernandez said on Thursday, according to a report.
Just-Style - Mexico has delayed a move to challenge at the World Trade Organization (WTO) what it claims are illegal Chinese subsidies for textile and clothing producers.
LAT - The sluggish port city of Ensenada is coming alive. A strike that has effectively shut down rival ports in Los Angeles and Long Beach has diverted ships south of the border, sending a windfall for the port located about 50 miles from the border.