Mexico Shows Willingness to Compromise With U.S. on Nafta Review
- Guajardo says Mexico can accept evaluation every five years
- Condition would be that process wouldn’t lead to automatic end
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Economy Minister Ildefonso Guajardo said Mexico is willing to review the North American Free Trade Agreement every five years, accepting part of a U.S. proposal, while insisting that there must not be any clause that would lead to automatic termination of the deal.
The Mexican counter-offer comes after U.S. President Donald Trump’s administration proposed a sunset clause, under which Nafta would end after five years unless the parties can agree to extend it. Guajardo told Mexico’s Radio Formula on Wednesday that the clause is unnecessary because the nations already have the ability to withdraw by giving six months’ notice.