Category Archives: Trade

Mexico faces uncertainty in 2018

We’ll try to make this brief since *cough* we have a date with the holiday punch bowl and we presume most of our assiduous readers are already there.  Once again to our astonishment we find ourselves at the last working day of the year, feeling like we were just here a minute ago in 2016.  But a lot has happened over the past year that is having a big impact on Mexico, North America and the rest of the world, so we’ll just throw out a few thoughts on the topic before we grab the Riunite out of the coffee nook fridge and head out to the house parties. Continue reading Mexico faces uncertainty in 2018

NAFTA woes whet food producers’ appetites

As the months wear on in the negotiations between Canada, Mexico and the United States over the future of the North American Free Trade Agreement (NAFTA), the increasingly hard line from the USA has Mexican government and industry groups casting about for backup plans, you know, just in case.  For months Mexican officials have been making noises about taking their business elsewhere, specifically sourcing yellow corn from South America, although clearly returning to NAFTA status quo would be their first choice.  Mexican pork producers, for their part, have long fumed over the high volume of pork imports from the United States, and are now sensing an opportunity to strike back with NAFTA seemingly on the ropes.  The following are examples of recent maneuvering against a backdrop of the sullen tone of current NAFTA negotiations. Continue reading NAFTA woes whet food producers’ appetites

U.S. triggers 90-day waiting period for NAFTA negotiations

Frenemies
Frenemies

On May 18, the Trump administration sent formal notice to the U.S. Congress that it intends to renegotiate the terms of the North American Free Trade Agreement (NAFTA) between the United States, Mexico and Canada.  The move initiates a 90-day waiting period before actual negotiations may begin, during which business groups can provide their input on the pact and the U.S. negotiating team may draw up its objectives and strategy for the talks with Mexico and Canada.  U.S. President Donald Trump has called NAFTA “the worst deal in history” and “a disaster” and threatened to unilaterally withdraw the United States from the accord, however in recent weeks he has toned down his statements and backed renegotiation rather than withdrawal.  Mexico is strongly in favor of maintaining the NAFTA agreement, and facing the prospect of cancellation of the pact, has embraced the negotiations. Continue reading U.S. triggers 90-day waiting period for NAFTA negotiations