“50-50” odds NAFTA will be terminated (Mexican Ambassador)

“50-50” odds NAFTA will be terminated (Mexican Ambassador)

Dec 6, 2017

Mexico’s ambassador to the U.S. Gerónimo Gutiérrez tells CBS News “We’re now about 50-50” odds NAFTA will be terminated. This follows a fifth round of renegotiations among the U.S., Mexico, and Canada that concluded last month in Mexico City on the nearly 24-year-old free trade agreement.

U.S. Trade Representative Robert Lighthizer said in a statement Nov. 21: “I remain concerned about the lack of headway. Thus far, we have seen no evidence that Canada or Mexico are willing to seriously engage on provisions that will lead to a rebalanced agreement. Absent rebalancing, we will not reach a satisfactory result.”

Despite the uncertainty of whether NAFTA can be successfully renegotiated, Gutiérrez says over the last year the prospects and efforts toward a new deal have increased.

“In spite of important differences, we’re communicating fluently, we’re engaging, and that’s important,” Gutierrez said. “I’m moderately optimistic we can in fact reach an agreement in the next few months.”

President Trump has criticized the deal as unfair, behind multi-billion trade deficits with the U.S.

Mr. Trump responded to the renegotiations Tuesday at the White House while meeting with Senate Republicans.

Clic aquí para leer artículo completo en CBS News

Fuente: CBS news

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