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Mexico, China set to resume WTO talks


Mexican Economy Minister Luis Ernesto Derbez expects talks with China on entry to the World Trade Organization to resume in the coming months, according to China Daily.

Mexico is the only WTO country that has declined to endorse China's accession.

Negotiations were interrupted in November because Chinese negotiators were waiting for the new administration of Mexican President Vicente Fox to take office.

Now that the Fox administration had taken shape, the talks could resume, Mr Derbez said Thursday. "We called the Chinese and we said that we'd like to talk," he said.

China needs membership endorsement from all WTO countries.

Mr Derbez, in Europe to attend the World Economic Forum and meet with European executives, declined to say which sticking points remained between China and Mexico.

He has previously said Mexico probably would not block China's entry into the WTO.

He has also said Mexico was seeking "timetables that allow us to appropriately adjust our economies".

Mexico has compensatory duties on about 1,400 Chinese products that it said were being dumped in Mexico below cost.

China hopes to join the WTO this year after almost 15 years of negotiations.

www.chinaweb.com


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