Foreign Secretary Says Mexico Ready to Modernize NAFTA with U.S. and Canada Dave Graham - Reuters
go to original July 26, 2016

Commerce Thrives on US-Mexico Border (VOA News)

Mexico is ready to update the North American Free Trade Agreement with Canada and United States, its foreign minister said on Monday, following a spate of criticism of the accord by Republican presidential nominee Donald Trump.

Foreign Minister Claudia Ruiz Massieu told reporters that since taking effect in 1994, NAFTA has boosted trade, created millions of jobs, drawn investment and made North America more competitive in the global economy.

"However, 22 years later we've also made clear that it's important to be ready to modernize and update this treaty, and we'll be ready to do it if that's what our other two partners in the mechanism suggest doing," she said.

Credited with modernizing the Mexican economy, NAFTA has come under heavy fire from Trump, who has threatened to tear it up if he cannot renegotiate it in his country's favor.

Read the rest at Street Insider

Related: Clinton, if Elected, Plans to Renegotiate NAFTA, UAW chief Says (Automotive News)

Related: Why Dropping the Trans-Pacific Partnership May Be a Bad Idea (The New York Times)

Related: As Trump Rises, the Mexican Peso Falls (The Daily Caller)

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