SME Times is powered by   
Search News
Just in:   • Fresh prescription for a healthy economy  • Over 300 mn mobile phones to be sold in India in 2019: Study  • Ministry working on multiple fronts to push exports: Prabhu  • HC rejects plea challenging LIC acquiring 51 per cent stake in IDBI  • Afghanistan welcomes US exempting India from Iran sanctions over Chabahar 
Last updated: 19 Jul, 2018  

Mexico.9.Thmb.jpg NAFTA renegotiations to resume in Washington

Washington.Post.9.jpg
   Top Stories
» Ministry working on multiple fronts to push exports: Prabhu
» FDI increases to $60.97 bn in 2017-18: Minister
» 'India to address bilateral trade concerns of Turkey'
» Make in India has achieved a lot, claims govt
» Exporters jittery over RBI's reported move over remittances
IANS | 18 Jul, 2018
Talks to renegotiate the North American Free Trade Agreement (NAFTA) will restart on July 26 in Washington, Mexico Economy Minister Ildefonso Guajardo has said.

"The three countries are resuming negotiations," Guajardo told the media on Wednesday, Xinhua news agency reported.

Negotiators from Mexico, the US and Canada will be present at the talks.

"We will begin with a bilateral (meeting) between Mexico and the US, before other meetings with Canada," explained the minister.

Guajardo dismissed the request made on Monday by the US to the World Trade Organization (WTO), to begin discussions with Mexico over the retaliatory tariffs, applied by Mexico on US products, that could hinder negotiations.

NAFTA renegotiations began in August last year after demands made by the Donald Trump (US President) administration. Trump believes the deal to be the worst his country has ever signed and has threatened to abandon it.

The negotiating teams had hoped to reach an "agreement in principle" at the beginning of May, but talks were suspended after disagreements between Mexico and Canada over demands made by the US.

Guajardo also said that the 13th Summit of the Pacific Alliance offered Mexico a great opportunity for market diversification.

However, the Mexican minister added that the summit, to be held between July 21-24 at the Mexican city of Puerto Vallarta, is independent to the relationship between Mexico and the US.

"The Pacific Alliance has been a very effective mechanism to relaunch a position as a modern Latin America, which is now open to associated members," he said.

The Pacific Alliance is a regional trade bloc in Latin America, formed by Chile, Colombia, Mexico and Peru.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 19 Dec, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(3)
» Honeywell Turbocharges The Honda Amaze(1)
» MSME credit: Liquidity crunch and delivery challenges (1)
» Rs 1 crore loan just in 59 minutes!(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter