Mexico’s foreign minister on Thursday said renegotiating the North American Free Trade Agreement, or NAFTA, with the U.S. would be a “win-win” for both countries.
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Foreign Affairs Secretary Luis Videgaray told NBC’s “MTP Daily” host Chuck Todd that Mexico is “absolutely” open to President Trump’s calls to amend the deal.
“I think it would be a win-win for both countries. It can make us better both. It doesn’t have to be a winner and a loser. This is trade and there is always room for making it a win-win situation,” said Videgaray, who resigned from his position as minister of finance following uproar after President Trump visited Mexican President Enrique Pena Nieto during the campaign season.
Todd asked Videgaray if Mexico would turn to China for trade if the U.S. gets the better end of the deal in renegotiating NAFTA.
“Well, we turn to the world. And we are a very open country already – we have free trade agreements with 46 countries and we are in the process of negotiating some more,” Videgaray said.
Mexico is currently in talks with Brazil, Argentina and some Asian nations over trade deals, some of which were put into effect decades earlier.
Right now, we are negotiating trade agreements with Brazil, with Argentina and also with some countries in Asia. Mexico has commenced a 90-day consultation period with domestic officials before the talks with U.S. leaders begins.
