Mexico’s Economy Minister: NAFTA ministers will reconvene in July to craft feasible agreement
|Mexico's Economy Minister Ildefonso Guajardo was out on the wires in the last hour, saying that NAFTA ministers will be engaging strongly again in first week of July to try and craft an agreement that is feasible, workable and benefits the three nations involved.
Additional quotes:
• Agreement on NAFTA that does not gives certainty on rules that have to be obeyed and mechanisms to solve disputes will not be of help for businesses.
• We are ready to come to solutions that will definitely work for Mexico.
• Understand that the US has strong say in rules of origin on the auto industry.
• What the new US administration has shed light upon is that the global trade system was in need of fixing.
• Global policy makers need to reconstruct trade policies to strengthen them and make them more resilient.
• There is a big part of NAFTA that needs to be redesigned.
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