Mexico looks to increase Russian, EU trade with NAFTA uncertainty  

 

Mexico looks to increase Russian, EU trade with NAFTA uncertainty — RT Business

 

 

Expansion of trade ties with both Russia and the European Union is on the agenda for Mexico, according to the country’s Agriculture Ministry.

“We must diversify, we will return to Russia, they want to buy Mexican beef and pork, we will also intensify relations with the European Union which is interested in our honey, chickpeas, meat and tropical fruit,” said Mexico’s Agriculture Secretary Jose Calzada, as quoted by the ministry.

Mexican beef exports to Russia were restricted in December 2012 due to fears the meat could contain traces of the feed additive ractopamine. In 2011 Mexican meat exports to Russia were worth $251 million.

READ MORE: Bumper crop: Russia sees 40yr-high harvest

In February, Calzada said a preliminary agreement was reached with Russia on resuming supplies of Mexican meat. Calzada is expected to visit Moscow in late April, and on the table is a deal where Mexico will buy Russian grain in return for red meat exports.

“We buy wheat, and Russia produces it,” he said.

According to Russian Agriculture Minister Alexander Tkachev, trade in agricultural products between Mexico and Russia is booming.

Mexico’s statement on renewing trade relations with Russia and the EU comes amid impending North American Free Trade Agreement (NAFTA) renegotiations with the new US administration.

 

Read the rest of this story, just click here: Mexico looks to increase Russian, EU trade with NAFTA uncertainty — RT Business

 

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