MEXICO: Mexico Holds Up China's WTO Entry
Mexico has emerged as China's biggest obstacle to joining the WTO, the organisation that sets rules on international trade. It is the only WTO member that hasn't reached a bilateral trade pact with China, possibly holding up the Asian country's WTO entry. Analysts are surprised by Mexico's tough stance. "This has actually dragged on longer than I thought it would. Once China had a bilateral agreement with the United States, I thought it was a slam dunk," said Tom Byrne, a lead analyst for China and East Asia at Moody's Investors Service, based in New York.
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