The cancellation of the Free Trade agreement of North America (NAFTA) by the united States is imminent and, given this scenario, Mexico has little room to maneuver, as 80 percent of its exports are to the neighboring country to the north, so that there are signs of dark times for the national economy.
So he considered in an interview with Express, the journalist, specialist in economics and finance, Darío Celis, who he called uncompromising stance of the government of Donald Trump, because he said that the only interest for the u.s. leader is not a real review of the NAFTA that would benefit the two nations.
“I don’t think that mr. Trump is very mixed up in the scope of the TLC, or to know in detail the clauses of the same. Him, the only thing you want, is that the investment and the jobs that are now in Mexico, in detriment, according to him, the united States, return to their country.”
For this reason, the also a financial consultant, stated that the president of the united States seek advantageous conditions for his country, rising above what has previously been established in the firm 22 years ago.
“I don’t think Mexico will accept amendments to the Treaty of Free Trade to give a currency to the united States; that is to say, a blank cheque at the expense of their own situation”.
due To the cancellation of the meeting between Enrique Peña Nieto and Donald Trump, that were scheduled for Tuesday, January 31, Darío Celis anticipated that there will be no renegotiation of the FTA. And he explained that there are two paths that could take the country ruled by the mogul: Exit completely out of the Treaty or, well, break it only with Mexico but not with Canada.
“I think the treaty is going to cancel. The next step will be the united States is to invoke the clause of the FTA, which stipulates that the American Union may give notice of its cancellation as a country, with 6 months in advance. Either that, or you will break your treaty with Mexico.”
from this, he said that, depending on how it is politically the relationship with the government of Enrique Peña Nieto with the united States, both governments will seek bilateral agreements in certain areas that are of interest to the two nations, “but I see the picture very contaminated,” he said.
he Pointed out that the stance of the u.s. government is “very intransigent”, so that the trading position of Mexico is undermined, “is a rupture between the two countries, I do not see any renegotiation. In six months the united States sale, glimmer.
COMMERCIAL FUTURE OF MEXICO UNCERTAIN
Before a very possible rupture of the commercial relations between the united States and Mexico, the journalist Group Media Image, indicated that our country would be left with a margin of manoeuvre is very small.
“The 80 percent of Mexico’s exports are in the united States. The picture is very complicated, because Mexico has no other way out of those exports that it sends to the American Union.”
he Pointed out that the products that today the country is ruled by Enrique Peña Nieto sent to the united States can not be absorbed by either Japan, Europe, Central or South america.
“We have 12 free trade agreements with 46 nations and we will be 11 treaties with 45 nations, but of those, nor the countries of Europe, nor Asia, nor central or South america will be able to absorb all of the production and export capacity, Mexico is placed in the united States”.
The journalist said the commercial relationship between the two countries are now at enmity, amounting to over $ 380 billion, which –he said- “Mexico is not where to place. That is the value of exports.”
Finally, he regretted that this also affects the workforce of our nation, “let’s talk about the workers; of the sources of employment that produce the goods that are sent to the united States. What are you going to do with them? It is very difficult to the picture that comes to Mexico”, he concluded.
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