NAFTA renegotiation at risk due to U.S. proposals, says Mexican advisor

The current renegotiation of NAFTA is facing “big red lights” due to controversial proposals made by the U.S., a Mexican participant in the talks said on Wednesday.

Moises Kalach, coordinator of international negotiations at Mexico’s Business Coordination Council, said that the “philosophy of the White House” had led to “major unbreachable topics in which Mexico is not ready to give in.”

Speaking at a conference in Mexican Institute of Financial Executives, Kalach said the U.S. was seeking to reduce its trade deficit with Mexico and Canada, to make the NAFTA treaty expire every five years, and to increase rules of origin in the automotive sector, among others, making the negotiations more difficult to reach agreement.

Kalach added that Washington’s intention to modify NAFTA’s mechanism for dispute resolution would also greatly impact Mexico…

Read more : Xinhuanet, 25.10.2017