Trump`s Nafta Revamp Could Near Boiling Point at Mexico Election

by Dramelin 1:00 AM 0 comments

Mexico?s Guajardo said in February that his country will walk away from Nafta talks if the U.
S.
insists on slapping duties or quotas on any of its products.
U.
S.
Commerce Secretary Wilbur Ross said Wednesday that the trade talks will probably begin in the latter part of 2017 and shouldn?t last much longer than a year.
Modernizing this type of agreement could be expected take three to seven years, said Gordon Ritchie, a Canadian negotiator of the Canada-U.
S.
Free Trade Agreement, a Nafta precursor.
President Donald Trump?s timetable to negotiate the North American Free Trade Agreement threatens to slip into an election year for Mexico, which could feel the economic impact of the uncertainty especially if the agreement starts disintegrating.
Mexico would support updating Nafta to add digital commerce, telecommunications and aspects of the energy industry that were left out of the initial deal, he said.