Word: gortari
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Dates: during 1990-1999
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Just hours after the agreement was reached, President Bush strode into the White House Rose Garden to applaud the pact as "the beginning of a new era." Mexican President Carlos Salinas de Gortari went on early-morning television to praise the deal, while Canadian Prime Minister Brian Mulroney called it "an important step forward." Elsewhere the reception was chillier. In Japan, angry trade and auto-industry officials charged that the local-content requirement would force Japanese manufacturers to redesign cars sold in North America and jack up prices...
...explosions on the outskirts of Mexico City in 1984 that killed at least 400 people. Fearing a repeat of the Guadalajara episode, last week officials evacuated sections of Mexico City and Saltillo after finding gas leaks there. The angry public mood in Mexico may give President Carlos Salinas de Gortari a chance to privatize Pemex, one of the last holdouts against his campaign to sell state-run industries...
...move is well in keeping with the modernization campaign pursued by President Carlos Salinas de Gortari since his inauguration three years ago. He has sought a reconciliation with the church as part of his effort to encourage political pluralism, while scaling back the appearance of undue influence by his ruling Institutional Revolutionary Party. The reforms also serve Salinas' new fiscal laws, which are to be implemented next year. Now even members of the clergy will have to pay income taxes...
...Mexican President)) Carlos Salinas de Gortari has said Mexico wants Asian investment," says Clyde Prestowitz, president of the Economic Strategy Institute, a Washington think tank. "He wants it in high-value-added, high- technology industries ((that will)) be exporting to the U.S. What we emphatically don't want to do is to make Mexico safe for Japanese investment." Prestowitz' solution is for the U.S. to induce foreign investors to export certain percentages of what they make in Mexico to third countries...
Next to Chile, Mexico enjoys the best odds of making privatization work. Former President Miguel de la Madrid sold the Aeromexico national airline for $193.8 million to a group of Mexican investors in 1988. Sales took off after Carlos Salinas de Gortari became President later that year. Mexicana, the other state-owned airline, was sold for $140 million to a consortium including Mexico's Group Xabre conglomerate and the Chase Manhattan Bank. Next to hit the auction block was Cananea, one of the largest copper mines in the western hemisphere, sold last summer for $475 million to Mexican copper baron...