US has continually threatened to deliver the six-month notice
Comments from Economy Minister Ildefonso Guajardo who has been in Washington since Tuesday. He spoke with Bloomberg.
- Mexico needs to prepare its alternative
- Mexico refuses to negotiate under unnecessary threat
- Trade talks with Europe, Argentina, Brazil advanced
- Looks to incorporate Australia into new trade deals
- Dispute mechanism needs to remain in NAFTA
- Obsession with balanced trade is a shot in the foot
- Quotas, duties and taxes shouldn't be part of trade talks
- Public policy can't put trade deficit first
It sounds like the Chapter 19 dispute resolution mechanism is a red line for Canada and Mexico. Trump wants disputes decided in US courts, which other NAFTA members sees as an easily corruptible process.
Earlier this week, Guajardo said the risk Trump abandons NAFTA is high.
The latest comments have weighed on MXN.
