Mexico Business & Finance News

Puerto Vallarta • Riviera Nayarit 

  News &
Issues &
Business &
Health &
Lifestyle &
Travel &
Science &

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

Elena Toledo - PanAm Post
go to original
September 5, 2017

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)

We invite you to add your charity or supporting organizations' news stories and coming events to PVAngels so we can share them with the world. Do it now!

CHARITY ALERT Vallarta Botanical Garden Needs Your Help

TripAdvisor singled out the Botanical Garden for removal and placed us on our own page in Cabo Corrientes.

Please write and ask TripAdvisor why all other Cabo Corrientes attractions are still on the Puerto Vallarta page while only the Garden was removed.

Click here to see all the details

Meet the Charities

Community Services


Animals & Wildlife

Health Care

Youth & Family


Culture & Recreation

Special Interests

How You Can Help

Use Your Powers for Good

Add Your Favorite Charity

Save a Life - Give Blood


Partners for Change

Meet the Partners

Become a Partner for Change

Stay Connected

Find PVAngels on Facebook Follow PVAngels on Twitter Sign up PVAngels Newsletter RSS Feeds on PVAngels


About PVAngels

Add Your Charity

Add Your News & Events

Locate Yourself on Our Maps

Jobs - Join PVAngels Team

About Puerto Vallarta

Puerto Vallarta Local News

Local Event Calendar

Puerto Vallarta Videos

Puerto Vallarta Photos

Historic Puerto Vallarta

Local Area Maps

Important Phone Numbers

Craig's List in Puerto Vallarta

News Around Mexico

Mexico Issues & Opinions

Mexico Business News

Mexico Evironmental News

Lifestyle & Entertainment

Mexico Travel & Outdoors

Science & Technology News

Mexico News & Travel Videos

FAIR USE NOTICE: This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance a more in-depth understanding of critical issues facing the world. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 USC Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information click here. If you wish to use copyrighted material from this site for purposes that go beyond 'fair use', you must obtain permission from the copyright owner.

m3 • local actions from global awareness