* Mexico aims for more balanced, sustainable trade
* China provides Mexico with 15 percent of its imports
* Less than 2 percent of Mexico’s exports go to China
By David Alire Garcia
PUERTO VALLARTA, Mexico, April 20 (Reuters) – Mexico said on Friday it had reached an accord with China aimed at promoting fairer bilateral commerce and announced joint business deals and investment worth some $560 million.
Mexico’s Economy Ministry said the agreement with Beijing would stop “unfair Chinese practices” in shoemaking, one of the main industries in Mexico to complain that China is flooding it with cheap imports.
The two signed business deals worth $300 million and agreed on new investments worth $260 million, the ministry said. It did not provide further details.
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