Mexican Govt. Says That Canceling Neoliberal NAFTA Would be 'Lost Opportunity'
Mexican Govt. Says That Canceling Neoliberal NAFTA Would be 'Lost Opportunity'
- The treaty's cancelation would be “above all, a lost opportunity ... (because) NAFTA is good for the three economies, although there is no doubt it can be improved,” Videgaray said to reporters.
U.S. President Donald Trump formally notified Congress last Thursday of his intentions to renegotiate the 23-year-old neoliberal trade pact with Canada and Mexico. Renegotiation of NAFTA was a centerpiece of Trump's presidential campaign, during which he called the treaty a “disaster” that has resulted in the loss of U.S. manufacturing jobs.
“We would have a problem in the near term,” but as a region “we would lose the opportunity to create what might be the most competitive and best growth in recent decades,” he said.
- The treaty's cancelation would be “above all, a lost opportunity ... (because) NAFTA is good for the three economies, although there is no doubt it can be improved,” Videgaray said to reporters.
U.S. President Donald Trump formally notified Congress last Thursday of his intentions to renegotiate the 23-year-old neoliberal trade pact with Canada and Mexico. Renegotiation of NAFTA was a centerpiece of Trump's presidential campaign, during which he called the treaty a “disaster” that has resulted in the loss of U.S. manufacturing jobs.
“We would have a problem in the near term,” but as a region “we would lose the opportunity to create what might be the most competitive and best growth in recent decades,” he said.