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Yesterday the Argentine government announced it would suspend the Acuerdo de Complementación Económica (Economic Complementation Agreement, also known as ACE-55) with Mexico for three years, discontinuing tariff preferences in the automotive sector for the latter.

The United States announced on Monday that it was suspending trade benefits for Argentina under the Generalized System of Preferences, which waives import duties for select goods from developing countries.

Chinese President Hu Jintao made seven ambassadorial appointments yesterday, according to a statement from the Standing Committee of the National People’s Congress—with Vice Minister of Foreign Affairs Li Jinzhang filling the post of ambassador to Brazil.

Research published in the Winter issue of Americas Quarterly, released today, shows that Chinese exports not only compete with Latin America in export markets, they also undermine manufactured goods domestically.

The two regional giants must find some common ground if their relationship is to continue to develop at such a rapid pace. If not, more Brazilian protectionist policies may be on the horizon.

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