Mexico wants steel dispute ended before new NAFTA signed

Mexican Economy Minister Ildefonso Guajardo wants ‘to clearly get rid of all these ... tariff-related aggressions’ before signing off on a reworked trade agreement with the US. (AFP)
Updated 07 September 2018
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Mexico wants steel dispute ended before new NAFTA signed

  • Mexico and the US last week said they had reached a deal after more than a year’s negotiations to revamp the North American Free Trade Agreement
  • Mexico aims to sign off its trade deal with Washington by the end of November

MEXICO CITY: Mexico wants to end to a tariff dispute over steel and aluminum with the United States prior to signing off on a reworked trade agreement with its northern neighbor, Mexican Economy Minister Ildefonso Guajardo said on Thursday.
“Now, what are we going to do here? A deal before we get to signing, to clearly get rid of all these ... tariff-related aggressions,” Guajardo said on Mexican television after referring to the steel and aluminum dispute.
Mexico and the US last week said they had reached a deal after more than a year’s negotiations to revamp the North American Free Trade Agreement (NAFTA).
Canada, the other NAFTA signatory, is still locked in discussions with Washington to see if it can join the accord.
Mexico and Canada launched a series of tit-for-tat measures against the US when the Trump administration at the end of May decided to slap tariffs on steel and aluminum imports from a range of countries, including its NAFTA partners.
Mexico aims to sign off its trade deal with Washington by the end of November, and hopes Canada will remain part of it.


IDEX 2019: UAE armed forces sign new defense deals

Updated 19 February 2019
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IDEX 2019: UAE armed forces sign new defense deals

  • Falcon was developed in response to the UAE’s request to replace the Hawk Air Defense System

ABU DHABI: The UAE armed forces has signed $1.17 million worth of defense contracts with local companies and $514.8 million with international companies, military spokesperson Brigadier General Mohammed Al-Hassani said on Tuesday.

The Emirates on Monday also awarded Raytheon a $1.55 billion contract to supply its air force with platform systems to launch missiles.

The agreement was signed at the week-long IDEX military exhibition in Abu Dhabi and followed the award on Sunday of a 1.3 billion-dirham contract to Raytheon to supply the UAE with patriot missiles.

The UAE armed forces signed a total of 7.2 billion dirhams in contracts on Monday, including 5.8 billion dirhams with international companies, Brig. Gen. Mohammed Al-Hassani said, speaking through a translator.

The UAE has signed a total of 12 billion dirhams in contracts since the IDEX exhibition started on Sunday, he said.

Lockheed Martin, Germany’s Diehl Defense, and Sweden’s Saab on Monday launched at IDEX the Falcon air defense weapon system, billed as a replacement to the Hawk system used by countries in the Middle East.

Falcon was developed in response to a UAE request for a replacement for the Hawk system and talks are underway to sell it to the Gulf state, Scott Arnold, Lockheed Martin’s vice president and deputy head of Integrated Air and Missile Defense said.

Weapons sales to the UAE have come under scrutiny over the past year due to the country’s involvement in the Yemen war that has killed tens of thousands of people and pushed the country to the brink of starvation.

The UAE and Saudi Arabia are leading a military coalition, which includes local forces drawn from Yemeni factions, that is trying to restore the internationally recognized government ousted from power in 2014 by the Iran-aligned Houthi movement.