- Title: Mexico's Banorte president optimistic about NAFTA renegotiation
- Date: 11th August 2017
- Summary: MEXICO CITY, MEXICO (AUGUST 10, 2017) (REUTERS) EXTERIOR OF ENTRANCE FOR BANORTE HEADQUARTERS LOGO FOR BANORTE FINANCE GROUP PRESIDENT OF BANORTE FINANCE GROUP, CARLOS HANK GONZALEZ, GREETING REUTERS JOURNALIST JOURNALIST AND GONZALEZ SPEAKING GONZALEZ SPEAKING DURING INTERVIEW JOURNALIST AND GONZALEZ DURING INTERVIEW (SOUNDBITE) (Spanish) PRESIDENT OF BANORTE FINANCE GROUP, CARLOS HANK GONZALEZ, SAYING: "I believe the trade agreement needs some changes to modernise it, to adapt it to new challenges of globalisation and the challenges of the three countries that are members. However, today we see that the uncertainty has reduced because the areas for negotiation have been established. I think the result will be positive." JOURNALIST ASKING QUESTION GENERAL VIEW OF INTERVIEW IN PROGRESS (SOUNDBITE) (Spanish) PRESIDENT OF BANORTE FINANCE GROUP, CARLOS HANK GONZALEZ, SAYING: "I believe it would be an error to take a step back, close the country (to globalisation) and its borders. I think what has strengthened this bloc of the United States of America, Canada and Mexico has been that we have come together and combined our efforts. It would be an error and the priority for Mexico should be to keep ourselves open in this sense and to work together, and of course to address the necessary issues." JOURNALIST ASKING GONZALEZ A QUESTION MORE OF INTERVIEW IN PROGRESS (SOUNDBITE) (Spanish) PRESIDENT OF BANORTE FINANCE GROUP, CARLOS HANK GONZALEZ, SAYING: "We at Banorte need to be a motor and support these types of companies. The benefits of the agreement continue to bring new investment to Mexico, we as a finance group should be this motor to support this new investment and for growth in our country." GENERAL VIEW OF INTERVIEW GONZALEZ SPEAKING DURING INTERVIEW GONZALEZ SAYING BYE TO JOURNALIST
- 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: LVA0016TPOCW3
- 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: REUTERS
- Copyright Notice: (c) Copyright Thomson Reuters 2017. Open For Restrictions - http://about.reuters.com/fulllegal.asp
- Usage Terms/Restrictions: None