29.3 C
New York
Thursday, August 11, 2022

Mexico must be ready for bilateral U.S. trade deal: minister

Mexico must be ready for bilateral U.S. trade deal: minister© Reuters. FILE PHOTO: Flags of the U.S., Canada and Mexico fly next to each other in Detroit, Michigan

MEXICO CITY (Reuters) – Mexico expects U.S.-Canada talks on trade to yield an agreement, but Mexico must be ready to pursue a bilateral trade deal with the United States if Ottawa and Washington do not come to terms, Mexican Economy Minister Ildefonso Guajardo said on Wednesday.

Mexico and the United States announced on Aug. 27 they had reached an agreement following months of grinding talks to renegotiate the North American Free Trade Agreement (NAFTA).

Guajardo told reporters in Mexico City that Mexico remained very interested in Canada joining the agreement to make it trilateral, which he said would be a “great asset”.

“Now, if at the end we see that the scenario – which we don’t expect, but can’t be ruled out – is that there is not an agreement, Mexico has to take the next step … a bilateral accord, if it’s necessary,” the minister said.

Canadian and U.S. officials have been meeting this week in Washington in search of a breakthrough on trade.

On Tuesday, Canadian sources with direct knowledge of Ottawa’s negotiating strategy said Canada is ready to offer the United States limited access to the Canadian dairy market as a concession in the negotiations to rework NAFTA.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

- Advertisement -

Latest Articles

Popular Articles