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Mexico Seeks Trump Talks to Modernize Nafta, Pena Nieto Says

  • Mexico says willing to open up the two-decade-old trade deal
  • Globalization generates more benefits than harm: Pena Nieto
Enrique Pena Nieto in Lima on Nov. 19.

Enrique Pena Nieto in Lima on Nov. 19.

Photographer: Guillermo Gutierrez/Bloomberg

Mexico is willing to hold talks with U.S. President-elect Donald Trump to modernize the North American Free Trade Agreement, President Enrique Pena Nieto said.

Mexico will seek dialogue with the U.S. on its trade relationship following comments made by Trump during his campaign, Pena Nieto said. Speaking at the Asia-Pacific Economic Cooperation summit in Lima on Saturday, he defended the deal, saying that for every dollar that Mexico exports, North American materials account for 40 cents. Globalization generates more benefits than harm, he said.