Mexico foreign minister keen to start NAFTA talks in U.S.

5/12/2017 Reuters

luis videgarayMexico is looking forward to talks on the North American Free Trade Agreement now that U.S. President Donald Trump’s pick for trade representative has been approved, the country’s foreign minister said on Friday.

Luis Videgaray said he and Mexico’s Finance Minister Jose Antonio Meade, Economy Minister Ildefonso Guajardo and Interior Minister Miguel Angel Osorio Chong would visit Washington, D.C., next week as the two countries seek to end a dispute over sugar exports and prepare for talks over renegotiating NAFTA.

Trump has repeatedly criticized the North American Free Trade Agreement as being bad for U.S. workers and has threatened to withdraw the United States from the deal with Mexico and Canada if it cannot be changed.

Months of uncertainty about the fate of NAFTA, which has underpinned regional trade since 1994, has affected growth forecasts in Mexico, shaken the peso and curbed investments.

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