Mexico Starts 90-Day Countdown to Opening Nafta Renegotiations
- Nation must be ‘prepared for all scenarios,’ minister says
- Mexico also pursuing free trade with Australia, New Zealand
Why Mexicans Think Nafta Should be Scrapped Entirely
Mexico’s government began a formal 90-day consultation process with the nation’s business community that’s needed before the start of talks to revise Nafta and must be prepared for all scenarios, the country’s top diplomat said.
Foreign Relations Minister Luis Videgaray on Wednesday said his visit to Washington last week was to lay the groundwork for collaboration with President Donald Trump’s government and not to negotiate details of trade for any specific industries. Talks will begin in May, and Mexico also will work to diversify its relationships, seeking to reach free-trade agreements with partners from the Trans-Pacific Partnership agreement who aren’t already covered by bilateral deals, including Australia, New Zealand, Malaysia and Singapore, Videgaray said.