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Canadian, Mexican FMs confident of new NAFTA deal

February 05, 2018


Abstract : The foreign ministers of Canada and Mexico said Friday that the current renegotiation of the North American Free Trade Agreement (NAFTA) would end up with a "win-win-win" situation for North America.

MEXICO CITY, Feb. 5 (Xinhua) -- The foreign ministers of Canada and Mexico said Friday that the current renegotiation of the North American Free Trade Agreement (NAFTA) would end up with a "win-win-win" situation for North America.

Chrystia Freeland, Canada's foreign minister, admitted the talks with the U.S. and Mexico were complicated but the three countries would take the time needed to do it correctly.

She said in a press conference that concluding the deal as rapidly as possible would be for the best but that "uncertainty is never good."

Freeland met with her Mexican counterpart, Luis Videgaray, and the U.S. Secretary of State, Rex Tillerson, who is on a brief tour of Latin America.

In the same press conference, Vidagaray agreed with Freeland that the negotiations "are advancing in a serious and professional manner."

"From the perspective of the Mexican government, we have a great opportunity for this to be a win-win-win negotiation, where Mexico wins, Canada wins and the United States wins," added the minister.

"We do not see trade negotiations as a zero-sum game, where somebody loses and somebody wins," he explained.

The seventh round of talks will take place in Mexico City from Feb.26 to March 6, with the Mexican authorities confident of closing chapters on sanitary and phytosanitary measures, telecommunications and technical barriers to trade.

The three countries have been revising NAFTA since August at the request of President Donald Trump, who believes the trade deal has hurt American business interests.

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Keyword: FTA NAFTA

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