Canada, Mexico Ready to Talk About NAFTA with US Michel Comte - Agence France-Presse
go to original November 11, 2016

Trump victory puts pressure on Mexico over NAFTA trade deal (euronews Business)

Canada and Mexico agreed Thursday to US President-elect Donald Trump's demand to have a fresh look at their tripartite 22-year-old free trade pact, fearing they could be shut out of the US market.

But the two US allies diverged on the level of changes to the North American Free Trade Agreement (NAFTA) each was willing to accept, with Mexico taking a harder line.

The 1994 trade pact became a source of friction with America's neighbors during the campaign when Trump called NAFTA the worst trade deal the United States has ever signed.

The Republican president-elect's protectionist notions to repatriate American jobs lost to free trade sent shockwaves through Canada and Mexico's economies, which both rely heavily on exports to the United States.

"I think it's important that we be open to talking about trade deals," Canadian Prime Minister Justin Trudeau - a fierce defender of free trade - said Thursday.

"If the Americans want to talk about NAFTA, I'm more than happy to talk about it," he said.

Mexico's Foreign Minister Claudia Ruiz Massieu, meanwhile, said her government was willing to seek to "modernize" NAFTA with Trump's incoming administration and Canada, but not ready to start from scratch.

"We are willing to talk about this with the new government and with Canada as well," Ruiz Massieu told CNN.

"We think it is an opportunity to think if we should modernize it - not renegotiate it, but to modernize it," she insisted.

Read the rest at Yahoo! News

Related: Nafta Can be Discussed, But Not Renegotiated, Says Mexico (BBC)

Related: Canada Sees U.S. Trade Deal Minus Mexico as Fall-Back Option (Reuters)

Related: Trump's Potential Ambassador to Mexico: When Renegotiating NAFTA, 'Don't Go for the Whole Enchilada' (Dallas News)

Related: U.S. Obama Administration Gives Up on Enacting TPP Trade Deal (Xinhua)

Related: Mexico Is Likely to be the Country Most Affected by Trump’s Policies (Bloomberg)

Related: Trump’s Election Could Spell Big Trouble for Mexican Beers (Munchies.VICE)

Related: Fear Rocks Mexican Markets After Trump Win, Peso Posts Record Slump (Reuters)

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