Mexico threatened to withdraw from trade agreements with the United States and Canada

Mexico declares that it is ready to withdraw from trade agreements with the United States and Canada, if it is not profitable for all. "If the trade agreement is bad for Mexico, Mexico depart from NAFTA," said Thursday in Acapulco, the Minister of foreign Affairs of Mexico Luis Videgaray, Recalling the trade agreement between the United States, Canada and Mexico.

Videgaray stressed that trade negotiations will be constructive, and the country will be able to develop an updated agreement that will benefit each of them. President trump has campaigned against NAFTA, calling it "unilateral transaction". He also threatened to withdraw from the agreement and raise their tariffs, or taxes, on imports from Mexico. Trump says he wants to get a better deal for American workers, but his team does not quite understand, looks like more than a bargain.

Secretary Warber Ross for commercial Affairs will inform the Congress about the administration's plans trump for reconsideration. This notification is cause for a 90-day consultation period. After these 90 days can start real trade negotiations. Ross said he expects the talks will last about a year.

President Enrique peц?a Nieto outlined a broad plan of what Mexico wants from the negotiations. First of all, protection for Mexicans in the United States, the absence of tariffs and new provisions on electronic Commerce.

Ross said at a press conference on 10 March, the Minister of economy of Mexico Ildefonso, Guajardo that the United States may conduct separate trade negotiations with Canada and Mexico. Guajardo, immediately intervened, saying that all the agreement should be consistent with all three present parties.

sections: Economics, World News, Accidents