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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.
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.
As of 2020, Mexico defied the U.S. sanctions by allowing fuel shipments, [213] and in spite of sanctions on both Iran and Venezuela, Iran sent five oil tankers to Venezuela. [214] Venezuela continued to send money [215] 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 ...
For a long time, Mexico has been one of the largest contributors to the United Nations regular budget, in 2008 over 40 million dollars were given to the organization. [16] In addition, it was the only Latin American member of the Organisation for Economic Co-operation and Development since it joined in 1994 until the accession of Chile in 2010.
Venezuela's recent elections were marred by accusations of fraud and voter suppression, and the results have sparked strong reactions from the far right and far left of American politics. The U.S ...
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 ...
Sears expanded into Latin America and Spain starting with a small store in Downtown Havana, Cuba in 1942. Sears opened its first store in Mexico City in 1947; the Mexican stores would later spin off into Sears Mexico, now owned by billionaire Carlos Slim's Grupo Sanborns, which by the end of 2022 operated 97 stores across Mexico.