Foreign Minister Videgaray Pledges Cooperation, Not Capitulation in Talks with U.S. Nacha Cattan - Bloomberg
go to original January 9, 2017

Luis Videgary is seen during a press conference of President of Mexico Enrique at Los Pinos Presidential Residence in Mexico City (Daniel Cardenas/Anadolu Agency)

Mexico’s newly-appointed lead negotiator to the U.S. said he will avoid confrontation and the risk of humiliation in talks with President-elect Donald Trump, pledging instead to maintain a dignified approach.

Following criticism that Mexico has been too tepid in its reaction to Trump’s threats to investment in the country, Foreign Minister Luis Videgaray said the nation will negotiate with intelligence and common sense. He also defended Mexican immigrants in the U.S. who were labeled as criminals by Trump, saying in most cases they’re the best of Mexico.

Trump is proposing to tax companies that make U.S. goods in Mexico and to renegotiate or scrap trade agreements with the nation, which sends almost 80 percent of its exports north of the border. The peso plunged to new lows last week after Ford Motor Co. canceled a $1.6 billion factory in Mexico and Trump threatened General Motors Co. with tariffs for importing a version of its Chevrolet Cruze from Mexico. The risk to the local economy has put U.S.-Mexico negotiations center stage, leading President Enrique Pena Nieto to appoint his top adviser and former finance minister last week to take on the job.

"There are voices being raised that promote a strategy of conflict, confrontation and at times insults,” Videgaray said. “Other voices are forecasting embarrassing submission. Mexico shouldn’t opt for any of those false portals. We will negotiate with intelligence and common sense."

Read the rest at Bloomberg

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