potinsnews.com March 25, 2017

Mexico, EU speed up trade talks after Trump threats

03 February 2017, 12:40 | Chelsea Hernandez

Christopher Hopkins Christopher Hopkins

Christopher Hopkins Christopher Hopkins

"I would like to speed it up if possible", the president said, referring to the renegotiation or replacement of NAFTA.

Mr. Trump made the promise to renegotiate the North American Free Trade Agreement a centerpiece of his campaign and told key lawmakers at a White House meeting that he meant to keep his word.

Trump said Wilbur Ross, his pick for Commerce Secretary, would lead the negotiations.

"It is very unfair to the American worker and very, very unfair to companies who do business in this country", he said.

Trump opened the meeting by reiterating his campaign theme that the U.S.is not getting a fair deal in the trade agreement with Mexico and Canada.

I do not care if it's a renovation or a new one, but we have to make it fair, Donald Trump stated shortly before a meeting with lawmakers. You know what the F is for, right?

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The EU and Mexico have a free trade pact dating from 2000 that they began to update previous year, holding talks in June and November.

"I want to change it and maybe we do a new NAFTA".

Mexico's government said consultations with industry would begin on February 1 and continue after NAFTA talks begin, noting that the United States would hold a similar internal process.

The government said in a statement Foreign Minister Luis Videgaray would meet Guterres, as well as members of the Americas Society and the Council of the Americas. Free and fair trade.

The US leader says he will pull out of NAFTA if he does not get a good deal, a threat that the Mexican government has matched. Negotiators will be focused on adapting the Mexican accord to a more ambitious deal linking the European Union with Canada, Mexico's other partner in NAFTA.

Trump has previously signaled that he wants his administration to renegotiate NAFTA or to walk away from the trade deal altogether if he does not find the terms to his satisfaction. But Guajardo and Malmstrom said "global trade patterns have changed" and there is a need for a "broader and more far-reaching" agreement.

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