- Title: Mexico's Guajardo sees 60 pct chance of ending NAFTA talks this year
- Date: 9th August 2017
- Summary: MEXICO CITY, MEXICO (AUGUST 08, 2017) (REUTERS) MEXICO ECONOMY MINISTER ILDEFONSO GUAJARDO GREETING REUTERS JOURNALISTS REUTERS JOURNALISTS INTERVIEWING GUAJARDO GUAJARDO ANSWERING QUESTION (SOUNDBITE) (English) MEXICO ECONOMY MINISTER ILDEFONSO GUAJARDO, SAYING: "I will assign a 60% probability that we will be able to conclude this process on time. It was not a probability on the success of NAFTA negotiations, or US departing from NAFTA. It was not that exercise. It was an exercise on timing that will be able to get things done before early next year." INTERVIEW IN PROGRESS (SOUNDBITE) (English) MEXICO ECONOMY MINISTER ILDEFONSO GUAJARDO, SAYING: "Obviously if we continue negotiations it will be part of the presidential debate in the campaign, you know how it is when you politicise things they are not the best ingredient to get things done. So, it will definitely have an effect on the process, of the timing and how things will evolve in the negotiation." REUTERS INTERVIEWER ASKING GUAJARDO A QUESTION GENERAL VIEW OF INTERVIEW IN PROGRESS (SOUNDBITE) (Spanish) MEXICO ECONOMY MINISTER ILDEFONSO GUAJARDO, SAYING: "To end the uncertainty of the agreements you need to have mechanisms to resolve all of this. Call it what you will, structure it how you like, but we need to take advantage of this negotiation so as to reach an agreement that allows for certainty amongst investors for a solution." REUTERS JOURNALIST DURING INTERVIEW GENERAL VIEW OF INTERVIEW (SOUNDBITE) (Spanish) MEXICO ECONOMY MINISTER ILDEFONSO GUAJARDO, SAYING: "Given what we are doing with Argentina with commercial agreements is a clear message that we are looking for alternative sources for unforeseen circumstances." GUAJARDO TALKING TO JOURNALISTS AT END OF INTERVIEW GUAJARDO TALKING TO JOURNALIST GUAJARDO LEAVING INTERVIEW
- Embargoed: 23rd August 2017 03:01
- Keywords: Mexico Economy Minister Ildefonso Guajardo NAFTA Mexico Canada USA negotiations trade
- Location: MEXICO CITY, MEXICO / NUEVO LAREDO, TAMAULIPAS, MEXICO
- City: MEXICO CITY, MEXICO / NUEVO LAREDO, TAMAULIPAS, MEXICO
- Country: Mexico
- Topics: Government/Politics,International Trade
- Reuters ID: LVA0016TFOPXF
- Aspect Ratio: 16:9
- Story Text: Mexico's economy minister sees a 60 percent probability that talks starting next week to renegotiate the North American Free Trade Agreement will be wrapped up by a soft deadline for the end of the year, he said during an interview with Reuters on Tuesday (August 08).
Ildefonso Guajardo, who will take part in the first round of NAFTA talks in Washington starting on Aug. 16, said it was important to meet the ambitious timeline to sign a new deal before Mexico's next president takes office at the end of 2018. Renegotiation, or the ditching, of NAFTA was a key campaign promise of U.S. President Donald Trump, who frequently called the 23-year-old trade pact a "disaster" that has drained U.S. factories and well-paid manufacturing jobs to Mexico.
Reuters reported in July that Mexico, Canada and the United States wanted to conclude the talks before Mexico's presidential electoral campaign begins in earnest next year and before the U.S. mid-term elections later in 2018.
In response to the U.S. position that NAFTA's main dispute resolution chapter should be ditched, Guajardo, 60, said it was important for investors that the agreement included such mechanisms, but said he could not say what form they would take after the negotiation.
While not negotiating a full blown trade deal, Guajardo added the talks included the thorny subject of Mexican car exports to Brazil, as well as opening the Mexican market to grains from the South American nations.
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