Mexico calls on Trump to reuse TPP deals to reanimate Nafta

4/30/2017 Financial Times

Flickr/OECD Development Centre

Mexico is urging Donald Trump to reuse agreements reached under the aborted Trans-Pacific Partnership to create a manufacturing powerhouse between the US, Mexico and Canada to compete with low-cost producers in China.

Ildefonso Guajardo, Mexico’s economy minister, said in an interview with the Financial Times that elements of TPP could be used to renegotiate the North American Free Trade Agreement between the three countries. His comments came as the US president agreed not to scrap Nafta, after repeated threats to tear it up.

But despite his U-turn last week saying he would bring Nafta “up to date through renegotiation”, Mr Trump backtracked again on Sunday when he told CBS news he could still terminate the pact if the renegotiations failed to provide “a fair deal for all”.

Mr Guajardo, lead trade negotiator, said using sections of TPP would offer the US president a quick and relatively easy victory on trade.

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