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Home >> World
UPDATED: 13:20, May 23, 2006
Mexico to expand relations with Colombia, Panama
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Mexico would widen the scope of its relationship with Panama and Colombia, after Venezuela leaves the G3 trading bloc, a Mexican presidential spokesman said on Monday.

"Mexico will boost its relationship with Colombia and Panama, with whom we have open and flexible trading relationships," Ruben Aguilar told reporters.

Venezuela's exit from the group "has no economic implications for Mexico," he said.

Aguilar added that Mexico had been surprised by Venezuela's decision to quit the G3, an economic bloc comprised of Mexico, Colombia and Venezuela under a 1995 agreement.

Aguilar said that Mexico supported the building of economic blocs working toward the integration of all Latin America, as long as they were based on free trade and mutual help.

"Whoever wishes to build Latin American unity has to build structures supporting the the existing structures and mechanisms," he said.

Source: Xinhua


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