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NAFTA renegotiations to resume in Washington

IANS  |  Mexico City 

Talks to renegotiate the (NAFTA) will restart on July 26 in Washington, Ildefonso has said.

"The three countries are resuming negotiations," told the media on Wednesday, reported.

Negotiators from Mexico, the US and will be present at the talks.

"We will begin with a bilateral (meeting) between and the US, before other meetings with Canada," explained the

dismissed the request made on Monday by the US to the (WTO), to begin discussions with over the retaliatory tariffs, applied by Mexico on US products, that could hinder negotiations.

renegotiations began in August last year after demands made by the Donald Trump (US President) administration. Trump believes the deal to be the worst his country has ever signed and has threatened to abandon it.

The negotiating teams had hoped to reach an "agreement in principle" at the beginning of May, but talks were suspended after disagreements between Mexico and over demands made by the US.

Guajardo also said that the 13th Summit of the Pacific Alliance offered Mexico a great opportunity for market diversification.

However, the Mexican added that the summit, to be held between July 21-24 at the Mexican city of Puerto Vallarta, is independent to the relationship between Mexico and the US.

"The Pacific Alliance has been a very effective mechanism to relaunch a position as a modern Latin America, which is now open to associated members," he said.

The Pacific Alliance is a regional trade bloc in Latin America, formed by Chile, Colombia, Mexico and



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 19 2018. 11:26 IST