Mexico, U.S. chamber of commerce vow to defend joint trade ties

11/17/16 Reuters

download-5Mexico’s government and the U.S. Chamber of Commerce on Wednesday vowed to step up efforts to defend bilateral trade worth more than $500 billion a year, attempting to quell concerns about the impact of a Donald Trump presidency.

U.S. President-elect Trump sparked fears of economic crisis in Mexico by threatening to ditch the North American Free Trade Agreement (NAFTA), which comprises the United States, Mexico and Canada, if he cannot renegotiate it in his country’s favor.

Mounting a robust defense of NAFTA, Carlos Sada, Mexico’s ambassador to Washington, said since the agreement came into effect in 1994, Mexico has not maintained the requisite degree of engagement with relevant players in the United States. In an address to executives at an event held by the U.S. Chamber of Commerce in Mexico City, Sada said Mexico needs to exploit its network of U.S. consulates to make the case for NAFTA.

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