At a time when Mexico does not get along with US President Donald Trump, in terms of free trade, one of the priorities of the Mexican government is to sign agreements with Brazil and Argentina in the short term,” said Mexican Foreign Minister Luis Videgaray on Tuesday. “Today, it is a priority of Mexican trade policy to establish short-term trade agreements with the two main economies of the Southern Cone,” said the minister.
The chancellor acknowledged that they persist, with the administration Trump, “notorious differences” in some issues such as the North American Free Trade Agreement (NAFTA), in force since 1994. This situation led Mexico to recognize the imperative need to diversify its economic, commercial and and investment with other areas beyond North America.
“With regard to the two main economies (Latin American), Brazil and Argentina, it must be recognized that the economic relationship was below its potential, in part due to the lack of meetings, the lack of reciprocal will to establish trade agreements”, added. The United States is the destination for more than 80% of Mexico's exports. Videgaray assured that the process to strengthen ties with Argentina and Brazil “progresses in an encouraging way”. “Mexico is, has always been and will always be a Latin American country,” added the minister.
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