The North American Free Trade Agreement should be revised, but only if all three signatories to the treaty benefit, Mexico’s top trade negotiator said in a speech in Detroit.
Mexico’s Secretary of Economy, Ildefonso Guajardo, told the Detroit Economic Club that NAFTA is 23 years old and said revisions could benefit Canada and Mexico as well as the U.S. However, he rejected the notion that the revisions should only help the U.S. as President Donald Trump has repeatedly suggested in comments on NAFTA.
“It is not very wise to sit down with the skewed view there has been only one winner. We were all winners,” he said. (more…)