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The G3 countries are Colombia, Mexico and Venezuela. Venezuela left the bloc in November 2006. The G-3 was a free trade agreement between Colombia, Mexico, and Venezuela that came into effect on January 1, 1995, which created an extended market of 149 million consumers with a combined GDP (Gross domestic product) of US$486.5 billion.
During 2002, the United States exported $4.4 billion in goods to Venezuela, making it the 25th-largest market for the United States Including petroleum products, Venezuela exported $15.1 billion in goods to the United States, making it its 14th-largest source of goods. Venezuela opposes the proposed Free Trade Area of the Americas. [citation ...
As of 2020, Mexico defied the U.S. sanctions by allowing fuel shipments, [250] and in spite of sanctions on both Iran and Venezuela, Iran sent five oil tankers to Venezuela. [251] Venezuela continued to send money [252] and ship petroleum products to ally countries after sanctions were issued.
Venezuela's government is set to approve a return to Mexico-based negotiations with the country's political opposition, almost a year after the last meeting, six sources with knowledge of the ...
Both Mexico and Venezuela share a common history in the fact that both nations were once part of the Spanish Empire.During the Spanish colonial period, Mexico was then known as Viceroyalty of New Spain and the capital being Mexico City while what became nowadays Venezuela was known then as the Captaincy General of Venezuela with Caracas as its capital.
President-elect Donald Trump has announced plans to impose a 25% tariff on all goods imported from Canada and Mexico from Jan. 20, 2025. Nearly 30 percent of all U.S. trade is with both nations.
Trump, who takes office on Jan. 20, 2025, said he would impose a 25% tariff on imports from Canada and Mexico until they clamped down on drugs, particularly fentanyl, and migrants crossing the ...
Venezuela and Canada have had diplomatic relations since January 1953. The relations between the two countries have been based on mutual commercial interests; especially in technology, oil and gas industry, telecommunications and others. Venezuela is Canada's second largest export market in South America for goods as well as for services. [65]