’Win-Win’ Expected By Mexico in NAFTA Negotiations Agence France-Presse
go to original October 16, 2017

The leaders of Canada and Mexico have vowed to work on a trade deal that benefits both countries as well as the US (Al Jazeera)

Update: Mexico and Canada Reject U.S. Nafta Demands as Talks Wrap Up (Bloomberg)

Mexico expects the renegotiation of the North American trade pact to produce benefits for itself, the United States and Canada, Mexican central bank Governor Agustin Carstens said Saturday.

"NAFTA has been tremendously important for the Mexican economy and ... there is plenty of room to modernize NAFTA, to make it fair and productive for the three countries," he said at the International Monetary Fund-World Bank annual meetings in Washington.

"So we are betting and expecting a win-win situation," he said. "I'm sure we will be able to navigate to a safe port through the next session of negotiation."

US President Donald Trump campaigned last year on the idea that the 23 year old NAFTA pact had hurt US workers while delivering more benefits to the two US neighbors.

Earlier this year, he forced the two to enter renegotiations, and has said that if the United States does not reap more benefits he will abrogate the agreement.

A fifth round of talks began this week in Arlington, Virginia, a Washington suburb, amid worries of a deadlock.

Carstens stressed that Mexico wants to reach a deal.

Read the rest at Yahoo! 7

Related: Mexico Finance Minister Says NAFTA Uncertainty Hitting Peso (Associated Press)

Related: Grim Reality of NAFTA Talks Sets in After Tough U.S. Demands (Reuters)

Related: Canadian and American Unions Seek to Raise Wages in Mexico Amid NAFTA Talks (New York Daily News)

Related: Carstens Sees Only Short-Term Impact on Mexico if NAFTA Ends (Reuters)

Related: 'We Will Not be Walking Away from the Table.' Canada and Mexico Vow to Stick with NAFTA Talks (Fortune)

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