Newspaper article THE JOURNAL RECORD

Mexican President Accepts Trade Recommendations

Newspaper article THE JOURNAL RECORD

Mexican President Accepts Trade Recommendations

Article excerpt

MEXICO CITY (AP) - President Carlos Salinas de Gortari accepted legislative recommendations Tuesday for a free trade agreement with the United States, but economists and advisers said it isn't likely to happen any time soon.

``The recommendations will be the framework in which. . .my administration will carry on Mexico's trade negotiations,'' Salinas told 55 senators at the presidential residence.

President Bush, meanwhile in Washington, D.C., addressing a U.S. business group interested in promoting Latin American trade, said the United States would do all it could ``to ensure the future of free markets in the Americas.''

The goal is for an agreement fashioned after one between the United States and Canada, which was proposed in 1985 but not signed until last year.

Mexican Commerce Department adviser, Jaime Zabludovsky, denied reports that a partial free trade agreement would be signed when Salinas and Bush meet June 10-12.

Salinas said he would study senate recommendations with an eye toward integrating Mexico in the changing economic world.

``Mexico will not be left out of the new world configuration. The speed of the changes requires decisive answers on all fronts, in all markets,'' he said after receiving a list of 52 senate recommendations.

The recommendations also advise Salinas to take advantage of Mexico's strategic location next to the United States to expand trade with Pacific Rim countries and Europe.

``We have given the president a broad mandate in all foreign trade relations,'' said Senate Foreign Relations Committee chairwoman Blanca Esponda.

The 64-member senate is the only authority that must approve presidential agreements with foreign countries. …

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