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Mexico says its resolved cement spat with US

Wed Apr 1, 2009 9:24pm EDT

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MEXICO CITY, April 1 (Reuters) - Mexico said on Wednesday it resolved a 15-year-old trade dispute with the United States, giving Mexican cement exporters free access to the U.S. market.

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"This agreement will allow the Mexican cement industry to expand its exports and give certainty to investment," Mexico's economy ministry said in a statement.

Mexico's Cemex (CX.N) (CMXCPO.MX) is the United States' No. 3 cement exporter.

The agreement came as Mexico and the United Sates are embroiled in a trade spat after the United States stopped a pilot program giving Mexican trucks access to U.S. highways. (Reporting by Noel Randewich)

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