Mexico’s top trade negotiator said he was heartened by a retreat from more protectionist rhetoric in the U.S. and that talks to redo the North American Free Trade Agreement may conclude as soon as January.
Economy Minister Ildefonso Guajardo said the January date would depend on the administration of President Donald Trump notifying Congress in time for negotiations to begin by the end of July.
“The U.S. has to trigger the mechanism,” Guajardo said in an interview with Bloomberg TV’s Erik Schatzker in Buenos Aires. “What I keep hearing is that after Congress comes back from recess, they will be able to be notified by the end of April.” In that case talks can start by the end of July, followed by “six months of negotiations, and then we send it to the legislative branch for them to approve it.”
Investors have shed their doomsday outlook on Mexico in recent weeks