Sabah Mannan: Mexican Economy Minister Ildefonso Guajardo said through sufficient flexibility, the countries re-negotiating the North American Free Trade Agreement (NAFTA) will find a solution to narrow differences between them.
To reach an agreement that benefits the three nations involved, US, Mexican and Canadian negotiators plan to engage in July. Guajardo added that there is high possibility there will an agreement on renegotiating NAFTA depending on how flexible each country can be.
Larry Kudlow, White House economic advisor informed that Trump will seek to replace NAFTA with bilateral deals with Canada and Mexico.
Saying that the current U.S. administration’s position showed the system did indeed need fixing, Guajardo said public discontent over globalization and open trade was evident even before Trump took office.
Source: Reuters