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... , and used these funds as collateral to borrow Mexican pesos and Brazilian reals from relevant banks.

   On January 1, 1994, Mexico joined the North American Free Trade Area consisting of the United States, Canada and Mexico. The purpose of this free trade area is to remove mutual trade barriers, increase investment opportunities, establish an effective mechanism for implementing agreements and resolving trade disputes, and promote mutual cooperation.

   To put it simply, the membe ...

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