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Zedillo Says Global Single-Tariff System Should Replace Nafta

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Sept. 24 (Bloomberg) --A universal, single-tariff trading system should be pursued to eventually replace regional and bilateral trade accords, including the North America Free Trade Agreement, said Ernesto Zedillo, the former president of Mexico.

“In my ideal world, all these regional agreements, sooner rather than later, would disappear,” Zedillo said, speaking on a panel at the International Monetary Fund and World Bank meetings in Washington.

Zedillo, a professor at Yale University, said that while the World Trade Organization’s Doha Round may not be completed successfully, nations need to continue pursuing the agenda.

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To contact the editor responsible for this story: Eric Martin at emartin21@bloomberg.net

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