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Home Topics in Depth Economics Mexico and Canada Say Nafta Should Be Re-Negotiated Trilaterally

  • Purveyor (2634 posts)
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    Mexico and Canada Say Nafta Should Be Re-Negotiated Trilaterally

    by Gerrit De Vynck
    February 21, 2017, 1:56 PM EST

    The foreign ministers of Mexico and Canada presented a unified front ahead of potential trade talks with Donald Trump’s administration, stressing the North American Free Trade Agreement has benefited all three countries.

    Mexico’s Luis Videgaray and Canada’s Chrystia Freeland said Nafta should be re-negotiated with all three nations seated at the table, rather than in bilateral discussions.

    “We very much recognize that Nafta is a three-country agreement,” Freeland said Tuesday at a panel discussion with Videgaray in Toronto ahead of private trade talks. “We really value our relationship with Mexico.”

    Their talks come after Trump said trade with Canada only needed a “tweak” as opposed to a more thorough re-set with Mexico, a comment he made after Canadian Prime Minister Justin Trudeau’s visit to the White House last week. Mexican President Enrique Pena Nieto canceled a January meeting with the U.S. president after he tweeted that Nieto shouldn’t come unless Mexico was prepared to pay for a border wall to stop undocumented immigration.

    more…

    https://www.bloomberg.com/news/articles/2017-02-21/mexico-and-canada-say-nafta-should-be-re-negotiated-trilaterally

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