Mex­ico threat­ens to pull out of Nafta deal

The Star Early Edition - - WORLD -

MEX­ICO could pull out of the North Amer­i­can Free Trade Agree­ment (Nafta) if a rene­go­ti­a­tion of its terms does not ben­e­fit Latin Amer­ica’s sec­ond-largest econ­omy, Econ­omy Min­is­ter Ilde­fonso Gua­jardo has said.

“There could be no other op­tion. Go for some­thing that is less than what we al­ready have? It would not make sense to stay,” Gua­jardo said when asked if Mex­ico could pull out of the trade deal with Canada and the US. “The strat­egy for this treaty needs to be one in which ev­ery­one wins. It’s im­pos­si­ble to sell it here at home if there aren’t clear ben­e­fits for Mex­ico.”

US Pres­i­dent Don­ald Trump has vowed to with­draw from Nafta if he can­not rene­go­ti­ate it to ben­e­fit US in­ter­ests. Trump for­mally with­drew the US from the Trans-Pa­cific Part­ner­ship on Mon­day.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.