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Mexico, South Korea Embark on Trade Talks

South Korean President Roh Moo-hyun and his Mexican counterpart, Vicente Fox, met in Mexico City Friday for talks covering economic cooperation.

President Roh is eager for Mexico to eliminate legal restrictions that prevent South Korean construction firms from bidding on large public works projects. President Fox wants to equalize the trade flow with South Korea and for Seoul to further open its markets to Mexican farm products.

Currently, Korean exports dominate the exchange, valued at approximately $5.4 billion annually. South Korea is Mexico's sixth-largest trading partner.

The two leaders also signed a variety of small accords covering such topics as customs procedures and unfair trade practices at the National Palace in Mexico City.

President Roh leaves for Costa Rica on Sunday.

Some information for this report provided by AP and Reuters.