2nd round of NAFTA talks resume in Mexico

A second round of NAFTA renegotiations began today between Mexico, Canada and the United States, following first round of discussions last month.

According to local media reports, representatives from the U.S, Canada and Mexico gathered at a Mexico City hotel on Friday to hash out improved trade terms agreeable to all.

The talks come at a time when Trump has repeatedly threatened to terminate the North American Free Trade Agreement (NAFTA) deal completely.

However, he has suggested for a new alternative if NAFTA renegotiations fail to create an entirely new deal.

Mexico has said that it won't stay at the table if it the result of the negotiations isn't beneficial for the country.

This has raised fears among businesspeople on both sides of the border that trade and investment would get affected.

Trump had earlier threatened to terminate North American Free Trade Agreement talks with Canada and Mexico, saying that both are "being very difficult" in renegotiations of NAFTA.

"We are in the NAFTA (worst trade deal ever made) renegotiation process with Mexico & Canada. Both being very difficult, may have to terminate?" Trump said in a tweet.

Trump had recently emphasised that negotiations talks of the NAFTA with Canada and Mexico would not achieve a successful end.

"I think we'll probably end up terminating the NAFTA at some point. We have been so badly taken advantage of," he said.

"Personally, I don't think you can make a deal," he added, noting that if a mutual agreement to reform the North American Free Trade Agreement cannot be met, the United States will plan to withdraw.

Aug. 16, but the process for changing the trade deal could take months and drag on into next year.

Earlier this month, representatives from the U.S, Canada and Mexico began renegotiation talks over NAFTA.

NAFTA is an agreement signed by Canada, Mexico, and the United States, which came into force on January 1, 1994.