English, News

Mexico’s NAFTA Objectives

2 Aug , 2017  

Today, August 2, 2017, the Senate released a document entitled “Notice regarding the Initiation of the Negotiations regarding NAFTA’s modernization” that was provided by the Ministry of Economy. In said document, the Ministry of Economy explained the reasons why it should participate in the renegotiation. We highlight the following statements:

  • Mexico will not accept an increase of tariffs;
  • Mexico is willing to modernize NAFTA with new disciplines of the XXI century;
  • NAFTA should continue being a trilateral agreement;

Furthermore, the Ministry of Economy also published Mexico’s priorities in NAFTA’s negotiation. In harmony with recent statements from the Mexican Minister of Economy, the document does not specify specific objectives. However, it is mentioned that Mexico has the following priorities: 1. Strengthening the competitiveness of the region,  2. An Inclusive and Responsible Regional Trade, 3. Reap the Benefits of the XXI century economy, and 4. Foster Security and Predictability in North American Trade & Investment.

In that sense, if NAFTA is modernized it should create the following benefits:

  • Maintain market access for goods and services without barriers, in particular for agricultural products;
  • Rules of Origins that benefit the region;
  • Trade Facilitation and better customs procedures;
  • Regulatory harmony in Sanitary & Phytosanitary measures;
  • Improve labor integration in the North American Market by increasing the categories of temporal movements of business persons as well as improving time frames, transparency, and procedures for their entry. Also, promote regional cooperation  regarding the development of labor capacities;
  • Strengthening the enforcement of labor laws;
  • Assistance to SMEs and including provisions regarding Gender Equality;
  • Improving NAFTA’s dispute settlements mechanisms, including Chapter 19 (Antidumping), Chapter 11 (Investor-State), and Chapter 20 (State-State);
  • Transparency and Anticorruption disciplines;
  • E-Commerce;
  • Improving market access to financial services for Mexican Investors;
  • Enhancing the North American Development Bank; and,
  • Energy disciplines.
  • Disciplines regarding SOE;
  • Promote competition, improving cooperation between the NAFTA Parties.

In conclusion, the Ministry of Economy stated that the objective is to have an expedite negotiation process and maintain Mexico’s benefits.

, , , , , , , , , , , , , , ,

By  -        



35 Responses

  1. … [Trackback]

    […] Find More here on that Topic: vtz.mx/news/2017/08/02/mexicos-nafta-objective/ […]

  2. … [Trackback]

    […] Here you will find 3131 more Information to that Topic: vtz.mx/news/2017/08/02/mexicos-nafta-objective/ […]

  3. cvv fullz says:

    … [Trackback]

    […] Find More here on that Topic: vtz.mx/news/2017/08/02/mexicos-nafta-objective/ […]

  4. Esport says:

    … [Trackback]

    […] Find More on that Topic: vtz.mx/news/2017/08/02/mexicos-nafta-objective/ […]

  5. tinyurl.com says:

    Fantastic blog you have here but I was curious if
    you knew of any forums that cover the same topics talked about here?

    I’d really love to be a part of online community where I can get suggestions from other experienced
    people that share the same interest. If you have any suggestions, please let
    me know. Bless you!

  6. tinyurl.com says:

    At this time I am going away to do my breakfast, afterward having
    my breakfast coming yet again to read additional news.

  7. tinyurl.com says:

    Hi there, I found your site by the use of Google at the same time as looking
    for a related topic, your web site got here up,
    it appears to be like great. I’ve bookmarked
    it in my google bookmarks.
    Hello there, just was aware of your blog thru Google,
    and found that it is really informative. I am going to
    be careful for brussels. I will be grateful if you happen to proceed this in future.
    Lots of other folks shall be benefited out of your writing.

    Cheers!

  8. tinyurl.com says:

    Very good write-up. I definitely love this website.
    Continue the good work!

  9. It is truly a great and helpful piece of info. I’m happy that you just shared this helpful
    info with us. Please keep us up to date like this. Thanks for sharing.

  10. tinyurl.com says:

    I love your blog.. very nice colors & theme. Did you design this website yourself or did you
    hire someone to do it for you? Plz respond as I’m looking to design my own blog and would like to find out where u got this from.
    thanks a lot

  11. tinyurl.com says:

    Oh my goodness! Impressive article dude! Thanks, However I am experiencing issues with your RSS.

    I don’t understand the reason why I cannot subscribe to it.
    Is there anyone else getting the same RSS problems?

    Anyone who knows the solution will you kindly respond?
    Thanks!!

  12. gamefly says:

    Hi, Neat post. There is a problem along with your site in web
    explorer, could test this? IE still is the marketplace chief
    and a huge portion of other folks will omit your great writing due to this problem.

  13. bit.ly says:

    I think the admin of this site is really working hard for his
    web page, for the reason that here every data is
    quality based material.

Leave a Reply

Your email address will not be published. Required fields are marked *

Shares