One of the main campaign promises from the U.S. president-elect Donald Trump, was to modify the North American Free Trade Agreement (NAFTA), an agreement that's been unifying the economies of Canada, the United States and Mexico since 1994, leaving some fearful of the consequences for all three countries, something Mexico says is already preparing for.
The Undersecretary of Competitiveness and Normativity of the Ministry of Economy (SE) in Mexico María del Rocío Ruiz Chávez, said that the government has a large team of negotiators, sufficiently prepared, in case the president-elect of United States, Donald Trump, tries to modify the Free Trade Agreement (FTA).
Similarly, she made it clear that Mexico is prepared to talk with any country that requires a revision of the treaties, because in Ministries of Foreign Affairs and Finance, there are people who have been involved in those topics for more than 20 years, as well as in the negotiation of the FTA, in the Treaty with the European Union, Japan, and Latin America; and now in the group that was working on the Trans-Pacific Partnership Agreement.
During her speech at the launch of the "National competitiveness index", the undersecretary reaffirmed that for Mexico and other countries, what open trade has shown is that it represents an advantage that allows them to expand their capabilities, and trade agreements allow you to have clarity when it comes to the rules of conduct between countries.
Finally, Ruiz Chavez said that compared to the competition, Mexico has what it takes to make more progress in commercial openness.
Con información de Noticias MVS.
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Translated by: cristina.mora@sandiegored.com
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