Mexico's Banorte president optimistic about NAFTA renegotiation

Record ID: 906090

  • Title: Mexico's Banorte president optimistic about NAFTA renegotiation
  • Date: 11th August 2017
  • Summary: SAN JOSE DE CHIAPA, PUEBLA, MEXICO (FILE) (REUTERS) EMPLOYEES AT AUTOMOBILE PLANT GENERAL VIEW OF PEOPLE WORKING AT PLANT MAN CHECKING CABLES ON VEHICLE IN PRODUCTION LINE MEN WORKING UNDER BONNET OF VEHICLE IN PRODUCTION LINE CARS IN PRODUCTION LINE NUEVO LAREDO, TAMAULIPAS, MEXICO (FILE) (REUTERS) MEXICAN AND US FLAGS WAVING NEAR BORDER AREA FOOTBRIDGE NEAR BORDER MEXICAN COAT OF ARMS ON WALL TRUCK ENTERING BORDER CHECKPOINT SIGN FOR HEAVY LOADS AT BORDER CHECKPOINT TRUCK ENTERING CHECKPOINT AREA PEDESTRIAN SIGN NEAR CHECKPOINT TRUCK DRIVING NEAR BORDER
  • Embargoed: 25th August 2017 01:43
  • Keywords: NAFTA Banorte USA trade President of Banorte Finance Group Carlos Hank Gonzalez Canada President Donald Trump negotiations Mexico Reuters Summit
  • Location: MEXICO CITY, SAN JOSE DE CHIAPA, PUEBLA, NUEVO LAREDO, TAMAULIPAS, MEXICO
  • City: MEXICO CITY, SAN JOSE DE CHIAPA, PUEBLA, NUEVO LAREDO, TAMAULIPAS, MEXICO
  • Country: Mexico
  • Topics: Government/Politics,International Trade
  • Reuters ID: LVA0026TPOCW3
  • Aspect Ratio: 16:9
  • Story Text: Mexico's Grupo Financiero Banorte hopes the terms of the North American Free Trade Agreement (NAFTA) will be rewritten to benefit the country and its banking sector, its president Carlos Hank Gonzalez told Reuters said on Thursday (August 10).
    The group, which owns the largest financial institution owned by Mexican investors, reported a 23-percent increase in profits for the second quarter, helped by positive performance in its key sectors of consumer and corporate credit.
    Canada, the United States and Mexico will start renegotiating the terms of the trade agreement that has shaped business between the three countries for more than two decades after President Donald Trump threatened to tear up the agreement if it did not benefit businesses and employment in the United States.
    The banker said a favourably renegotiated trade agreement could indirectly help companies in Mexico's financial sector to grow.
  • Copyright Holder: FILE REUTERS (CAN SELL)
  • Copyright Notice: (c) Copyright Thomson Reuters 2017. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
Register