Open markets.Latin America's free-trade bandwagon band·wag·on n. 1. An elaborately decorated wagon used to transport musicians in a parade. 2. Informal A cause or party that attracts increasing numbers of adherents: keeps rolling on. Mexico and Japan signed a bilateral free-trade agreement that will boost the flow of agricultural and technology goods between the two countries. The deal will help ease Mexico's trade dependence on the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . In 2003, Mexico and Japan exchanged US$8.77 billion in goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. . Chile, another open-market champion, said it would begin free-trade talks with Peru. The neighboring neigh·bor n. 1. One who lives near or next to another. 2. A person, place, or thing adjacent to or located near another. 3. A fellow human. 4. Used as a form of familiar address. v. countries already share economic accords, investor protection and double-taxation agreements. In 2003, total trade between the two nations was US$846 million. Mexico has now signed 12 free-trade agreements; a deal with Peru would give Chile seven. |
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