Date: 2 months ago   Category: Economy

Trump has declared the conclusion of the trade agreement with Mexico instead of NAFTA — Rambler News Service


The USA and Mexico have reached the agreement on creation of the new bilateral agreement instead of the arrangement on the North American free trade zone (NAFTA). Negotiations with Canada have to begin in the nearest future, the American leader Donald Trump has said. His words are cited by Reuters. "They called it NAFTA. We will call it the trade agreement between the USA and Mexico. We will get rid of the name of NAFTA" — Trump has told journalists during the press conference in the White House. The American president has noted that the name NAFTA had "a bad connotation". Now Canada should return to discussion of processing of the trade agreement of 1994 between the USA, Canada and Mexico. Negotiations between three partners lasted more than a year. Trump repeatedly said that he is ready to refuse participation in NAFTA. His words have in turn affected a rate of Mexican peso and Canadian dollar. Donald Trump has specified that he will shortly contact the prime minister of Canada Justin Trudeau. At the end of August of last year the Minister of Foreign Affairs of Mexico Luís Videgaray has threatened the USA that the country will refuse negotiations on NAFTA in case Trump continues to speak about a possible exit of the USA from a zone.

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