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China and Mexico Go from Foes to Allies as Trump Threatens to End NAFTA

Elena Toledo - PanAm Post
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September 5, 2017
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The two countries have long behaved as natural competitors, as both excel in low-cost labor markets and the manufacturing of goods exported to wealthy western nations. (Global Times)

Update: Second Round of NAFTA Talks Ends with Major Issues Unresolved (The Los Angeles Times)

As United States President Donald Trump continues to make threats of ending the North American Free Trade Agreement, Mexico has turned to improving its commercial relationship with China.

The two countries have long behaved as natural competitors, as both excel in low-cost labor markets and the manufacturing of goods exported to wealthy western nations.

But China has more than doubled its market share in the United States since joining the World Trade Organization in 2001 and last year accounted for 21 percent of products sold — far more than the eight percent reported in 2000, according to the US Department of Commerce.

China usually targets the Latin American market for the purchase of raw materials such as Brazil’s iron ore, Chile’s copper and Peru’s gold, but the country is now promoting an increase in trade with Mexico as well.

President Enrique Peña Nieto will visit China next week to meet with President Xi Jinping. Meanwhile, US negotiators will be in Mexico completing the second round of NAFTA negotiations.

“This is a deliberate effort by the president to show that Mexico has alternatives to the United States,” said Vice President of the Council of the Americas business group Eric Farnsworth. “They are in the midst of NAFTA negotiations and the US President says publicly that the agreement may have to be revoked.”

For leaders in Mexica and Canada, it’s only natural to start looking for a plan B.

Read the rest at PanAm Post | Español

Related: Peña Nieto Carries Out Bilateral Agenda with Xi and Putin (RTTNews)

Related: Mexican President Eyes Closer Cooperation with Chinese E-Commerce Companies (Xinhua)

Related: Can China Profit from Trump’s Hostility to Mexico? It’s Complicated (Quartz)

Related: Agriculture Sector in Mexico Keenly Eyeing China (Xinhua)

Related: Potential China-Mexico FTA Could Boost Free Trade Amid Rising Tide of Protectionism (Global Times)

Related: Mexico's Low Wages Are Under Fire at NAFTA Negotiations (Associated Press)

Related: How Mexico Can Use New NAFTA Deal to Attract Global Biotech Investment (PanAm Post)

Related: The US, Canada, and Mexico Are Renegotiating NAFTA — Here’s What Each Country Wants, and Where They Have the Most Leverage to Get It (Vox)

Related: Despite Trump’s Nafta Threats, the Canadian and Mexican Currencies Are Trouncing the US Dollar (Quartz)

Related: Here We Go Again: Trump Threatens to Withdraw from KORUS (Delta FarmPress)

Related: Mexican Businesses Have a New Way to Sell Goods in China Thanks to Alibaba (Fortune)


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