Trade Pact to Boost Investment, Salinas Says:...

Trade Pact to Boost Investment, Salinas Says: Mexican President Carlos Salinas de Gortari said a planned free-trade pact with the United States would make his country a more attractive place to invest. “Owing to current conditions and short-term perspectives, investments made in Mexico now will enjoy greater benefits,” Salinas said in an address prepared for delivery to a meeting in Tokyo sponsored by Japan’s Prime Minister Toshiki Kaifu. Salinas agreed with President Bush in Washington last week that both nations will start exploratory talks on signing a free-trade pact. In a speech given to a gathering of Japanese political, government and business leaders, including Kaifu, Salinas said talks on a U.S.-Mexico trade pact are directed toward winning reciprocity for a unilateral opening of Mexico’s markets and ensuring stable and permanent access for Mexican companies to U.S. markets.