Mexico urged trump to use the transaction TTP for partnership in NAFTA

Donald Trump

Photo: Paul Sancya / AP

The existing agreements on TRANS-Pacific partnership will help “revive” the talks between the US, Canada and Mexico for NAFTA, said the Minister of economy of Mexico Ildefonso, Guajardo

Mexico urged the US President Donald trump to use the agreements reached during the participation in TRANS-Pacific partnership (TPP), to revive negotiations under the North American free trade agreement (NAFTA). In an interview with the Financial Times newspaper said the Minister of economy of Mexico Ildefonso, Guajardo.

According to him, for revision of provisions of the NAFTA can be used in negotiations on the TPP in which the United States with the arrival of the trump ceased to participate. For example, Mexico, USA and Canada, which are included in NAFTA, you can build a power plant to compete with cheaper producers of electricity from China.

Countries can also use the agreements in the field of biotechnology, the regulation of labor relations, electronic Commerce, intellectual property and telecommunications.

Guajardo, said that Washington should consider Mexico as a country able to compete with the Chinese production, instead see it as a trading competitor.

“My message is that greed can deprive [us] of victory that is almost in the hands”, — said the politician.

According to the Minister, he has invited the U.S. Secretary of Commerce Wilbur Ross to use the TPP agreements, and he agreed.

Trump during election campaign promised to withdraw from NAFTA. However, on April 27 during a telephone conversation with Prime Minister of Canada Justin Trudeau and Mexican President Enrique Nieto, he said that will not withdraw from the agreement. Politicians agreed to renegotiate and come to a compromise.

The North American free trade agreement, which was signed by USA, Mexico and Canada entered into force in 1994. Trump, however, has repeatedly stated the necessity to stop the outflow of production and the United States. During the campaign he also promised to withdraw from TRANS-Pacific partnership. His promise he kept, his decision, trump called “a great event for the American worker”.

The TRANS-Pacific partnership was established in February 2016. It includes Japan, Canada, Mexico, Australia, Peru and some other countries in the Asia-Pacific region.

Be the first to comment

Leave a Reply

Login: