AS IF THE PESO CRISIS WEREN'T enough to keep Mexican officials up at night, here comes United Parcel Service. UPS is steamed that Mexico hasn't granted its subsidiary rights to operate the same-size vehicles as native competitors. It has convinced the U.S. Trade Representative to file a formal complaint against Mexico under the North American Free Trade Agreement. Filed on Apr. 25, the complaint is the first of its kind. Under NAFTA rules, the two sides have 30 days to try to resolve the dispute. After that, trade experts will adjudicate. UPS contends Mexico's actions threaten its $120 million investment in the country.
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