Mexico is ready to update the North American Free Trade Agreement with Canada and United States, its foreign minister said on Monday July 25, following a spate of criticism of the accord by Republican presidential nominee Donald Trump, according to Reuters.
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.
He has complained during the election campaign that Mexico is “killing” the United States on trade.
Bilateral trade between Mexico and the United States is worth around $500 billion a year. Trump has threatened to levy punitive tariffs on goods made in Mexico and China in a bid to bring manufacturing jobs back to the United States.
more recommended stories
Man threatens a woman with a knife in front of “La Ermita”
According to locals, on Thursday March.
Tourism in Mérida keeps booming prior to Semana Santa
“Yucatan stands out as spearhead in.
Mérida and Athens, Greece about to work together in urban mobility program
Urban Mobility and Citizen Participation in.
Germany returns Mexico two Olmec busts stolen in the 80s
After at least 10 years of.
Oxkintok, stone of three suns
“Whoever lives sees, but whoever travels.
Mérida number five municipality in home sales nationwide during 2017
CANCUN, Quintana Roo.- Benito Juárez was.
March 20: Day of the Guayabera in Merida
On March 20, the Guayabera Day.
Conversaciones con Amigos at Merida English Library
“Monday evenings from 7 to 9.
Spider monkey found inside a cage in a Mérida restaurant
Mérida, Yucatán.- The Federal Procurator for.
Strong earthquake below the coast of Guerrero, Mexico – March 20, 2018
Two earthquakes shook Mexico near Pinotepa.