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Mexico’s Guajardo Sees 60% Chance of Ending NAFTA Talks This Year

Posted August 09, 2017

Under Economic Issues, International Trade Issues

(Frank Jack Daniel & Ana Isabel Martinez – Reuters)

Mexico’s economy minister sees a 60 percent probability that talks starting next week to renegotiate the North American Free Trade Agreement will be wrapped up by a soft deadline for the end of the year, he said in an interview on Tuesday.

Ildefonso Guajardo, who will take part in the first round of NAFTA talks in Washington starting on Aug. 16, said it was important to meet the ambitious timeline to sign a new deal before Mexico’s next president takes office at the end of 2018.

Renegotiation, or the ditching, of NAFTA was a key campaign promise of U.S. President Donald Trump, who frequently called the 23-year-old trade pact a “disaster” that has drained U.S. factories and well-paid manufacturing jobs to Mexico. Click here to read more.