Nafta move ‘fool­ish’

The Star Early Edition - - WORLD -

MEX­ICO CITY: No­bel Prize win­ner and renowned economist Joseph Stiglitz branded it “ex­traor­di­nar­ily fool­ish” for the US to walk away from or weaken the North Amer­i­can Free Trade Agree­ment (Nafta).

Speak­ing at the 18th World Congress of the International Eco­nomic As­so­ci­a­tion in Mex­ico, Stiglitz, a pro­fes­sor of eco­nomics at Columbia Univer­sity in New York, said the US should in­stead try to ex­pand its trade ties with Canada and Mex­ico, its Nafta part­ners.

US Pres­i­dent Don­ald Trump has crit­i­cised Nafta as un­fairly ben­e­fit­ing Mex­ico at the ex­pense of US jobs and wants the 1994 ac­cord rene­go­ti­ated. Xin­hua

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.