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4 S ão Paulo – While originally set to start this year as well, the free trade for vehicles between Argentina and Mexico was now set for March 19, 2022. Unlike the negotiation between Mexicans and Brazilians, which chose to start free trade right nowwithout any sort of tax barriers, the Argentinian and Mexican governments have decided to keep in place the quota system for three more years. A note released by the Ministry for Production and Labor in Argentina makes the case that both countries believe that, before entering into the free market regime, it is necessary to improve the conditions for Argentine models to enter the Mexican market. To this end, negotiations will be held throughout the year. As per the new agreement, the two countries will trade light vehicles up to the amount of US$ 701 million this year, for a 10% increase over 2018. The quota will go up to US$ 737 million in 2020 and US$ 774 in 2021, an increase of 5% per year. In a note, Adefa commemorated the extension of the quota agreement: “A joint effort of both public and private sectors made such new trade agreement possible starting with the last quota, thus addressing the entity’s requirements”. ARGENTINA MAINTAINS ITS QUOTA SYSTEM WITH MEXICO EXTERNAL TRADE By AutoData Newsroom The trade vehicles agreement between the two countries called for free trade from now on. Nevertheless, this was put off until 2022.