|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Mexico

Mexico Expects Speedy Renegotiation of NAFTA

MEXICO CITY – Mexico expects the process of renegotiating the North American Free Trade Agreement (NAFTA) will be rapid and address the key points as quickly as possible, the Aztec nation’s economy minister said on Wednesday.

Ildefonso Guajardo acknowledged, however, that there would be some thorny issues, such as the United States’ trade deficit with Mexico and the US’s plans to eliminate the agreement’s so-called “global safeguard exclusion” to allow Washington to respond to a surge in imports.

Modifying certain points would have “consequences not only for Mexico but for North American exporters and the health of the region’s economy,” he added.

The economy secretary said there would be a pause of no more than three or four weeks between each negotiating round, the first of which will take place in Washington DC from Aug. 16-20.

The rounds will rotate among the three NAFTA partners, with the second to take place in Mexico, likely in Mexico City, and the third in Canada.

Guajardo said the parties would seek to reform the trade agreement quickly to avoid a repeat of what happened with the Trans-Pacific Partnership, a massive trade deal from which the US withdrew after President Donald Trump took office in January.

He was referring to presidential elections in Mexico scheduled for June 2018.

On Wednesday, Guajardo introduced Mexico’s NAFTA renegotiation team.

That country’s chief negotiator will be Kenneth Smith Ramos, director of the Trade and NAFTA Office at the Mexican Embassy in Washington DC.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2015 © All rights reserved