Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

FTZ/Industrial Park

HOME > FTZ/Industrial Park


Mexico's president "optimistic" on new NAFTA deal

July 30, 2018


Abstract : Mexican President Enrique Pena Nieto on Friday said he was "optimistic" that a new North American Free Trade Agreement (NAFTA) would be reached by August.

1

MEXICO CITY, July 30 (Xinhua) -- Mexican President Enrique Pena Nieto on Friday said he was "optimistic" that a new North American Free Trade Agreement (NAFTA) would be reached by August.

Speaking to reporters on the sidelines of an industry event, the president said his optimism was based on the fact that the three parties to the deal, including Canada and the United States, have all pledged to speed up the negotiations.

Pena Nieto said that even though some clauses pending there were unacceptable, he still believes "there is a frankly very promising horizon."

"What is clear is that today, the three governments have committed to seeking the possibility of speeding up. We will reach an agreement as long as the conditions are favorable for all three countries," he added.

Negotiating teams on Friday wrapped up two days of negotiations in Washington in a bid to reach consensus on issues that have slowed the talks since they began in August of last year.

Mexico's business sector also expressed optimism that the talks were moving in the right direction, after disagreements led to a lull in negotiations in May.

The president of Mexico's Business Coordinating Council, Juan Pablo Castanon, told reporters in a conference call there was a clear interest in reaching an accord by August.

"The atmosphere is good. There is reason to think that we are walking along the right path," he said, adding "the belief is that this window of opportunity would close in August," so "there is a willingness" to speed things up.

Both Mexico and Canada have so far refused to accept U.S. demands for substantial changes to existing rules of origin in the automotive industry, among others. 


Related Coverage

Focus

Think Tank

  • The Chinese Race to Artificial Intelligence

    August 10, 2018

    China is no longer just a manufacturing power, but a technologically advance...

  • Made in China 2025 and the Belt and Road Initiative

    August 10, 2018

    The industrial policy of “Made in China 2025” clearly focuses on innovatio...

  • Trump cannot push back China with $113m

    August 8, 2018

    Although the “Belt and Road Initiative” has caused some worries and rebou...

  • Beijing’s maritime gifts

    August 7, 2018

    Beijing seems to be strengthening its capacity building at sea.

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial