mexico economy minister downplays trade deficits ahead of nafta talks
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Mexico economy minister downplays trade deficits ahead of NAFTA talks

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleMexico economy minister downplays trade deficits ahead of NAFTA talks

We cannot continue under these optics that our only measurable objective can be the reduction of commercial deficits
Mexico CIity - Muslimchronicle

As the US, Mexico and Canada prepare for another round of negotiations to revamp the North American Free Trade Agreement, Mexico’s economy minister on Tuesday urged the parties to stop fixating on trade deficits between the countries.
The trade disparity between the US and Mexico has been a frequent complaint of President Donald Trump, who has threatened to withdraw from NAFTA if he does not get concessions to reduce a US trade deficit of around $64 billion with Mexico.
But Mexican Economy Minister Ildefonso Guajardo insisted that talks to overhaul the 23-year-old trade accord should not center on trade deficits.
“We cannot continue under these optics that our only measurable objective can be the reduction of commercial deficits,” he said during an interview with local television. “Discussing the theme of the deficit would generate a war of protectionism that would dismantle the advance of the agreement.”
NAFTA is a key pillar of the Mexican economy, with some 80 percent of the country’s exports sent to the US. But Guajardo suggested that the demise of the trade agreement could create complications for the US as well. “In the undesirable but possible scenario that the United States leaves the agreement, the possibility that the deficit with Mexico grows is very high.”
The US, Mexico and Canada will hold a fourth round of negotiations from October 11 to October 15 in Washington, DC.

Source:Arabnews

 

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

mexico economy minister downplays trade deficits ahead of nafta talks mexico economy minister downplays trade deficits ahead of nafta talks

 



Themuslimchronicle, themuslimchronicle

GMT 08:26 2018 Tuesday ,23 January

Five things to know about Davos

GMT 21:30 2017 Wednesday ,01 November

New York Times’ third-quarter revenue up 6.1%

GMT 11:09 2017 Friday ,24 November

Berlin police seeking more missing John Lennon items

GMT 06:34 2017 Saturday ,09 December

Rockets down Jazz for eighth straight NBA win

GMT 23:25 2017 Thursday ,16 February

Pakistan adds 16 new fighter jets to its fleet

GMT 10:50 2018 Tuesday ,23 January

Saudi university to open driving school for women

GMT 03:31 2017 Saturday ,07 January

Sharjah launches award for refugee support

GMT 21:54 2016 Wednesday ,01 June

December 21 - January 18

GMT 16:05 2017 Monday ,24 April

Sharapova's return divides rivals

GMT 13:50 2012 Sunday ,22 January

Egyptians can now remove any regime

GMT 07:26 2017 Sunday ,23 July

70 villagers kidnapped in Afghanistan
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle