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Senate Chief Cordero Backs Mexico’s Complete Withdrawal from NAFTA

Elena Toledo - PanAm Post
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October 5, 2017
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Senators Ernesto Cordero of PAN and Marcela Guerra of PRI support the eventual withdrawal of Mexico from the NAFTA renegotiation if there is no real benefit to be had. (Grupo Parlamentario PAN)

Update: Mexican Senators Lay Out Six 'Red Lines' for Nafta Renegotiation (Dow Jones)

As NAFTA renegotiations continue with shaky progress, many prominent voices on Mexico’s side have begun discussing the possibility of pulling out of the process altogether. Earlier this week, it was major representatives of the private sector. Now, President of the country’s Senate, Ernesto Cordero Arrollo, is throwing his support behind the eventual need to withdraw from the trade agreement.

“We have always that it is better to be without a treaty, than in an evil treaty,” Cordero said. “I think we have to approach the situation very calmly, very calmly. We are part of the economic community of North America, but, well, if there are no (acceptable) conditions, I think it will be preferable to leave the Free Trade Agreement and settle for the World Trade Organization.”

Arrollo made the comments following similar from Juan Pablo Casteñón, the President of Business Coordinating Council. He said Mexico should pull out of the North American Free Trade Agreement if the United States does not provide better conditions for all sides involved.

Senator Marcela Guerra of the Institutional Revolutionary Party, however, voiced support for the abilities of Mexico’s negotiators, and said that it’s too early to consider such a drastic measure.

Read the rest at PanAm Post | Español

Related: Peso Slumps on Nafta Concern, Zavala's Potential Split (Bloomberg)

Related: Mexico Buys More Than Half Its US Goods Outside of NAFTA (PanAm Post)

Related: Mexico’s Private Sector Threatens to Pull Out of NAFTA Renegotiations, Wait for New US President (PanAm Post)

Related: NAFTA Negotiators Accuse US of Pushing Policies Mexico and Canada Will Never Agree with (PanAm Post)

Related: A Closer Look at Round Three of the NAFTA Negotiations (JD Supra)


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