nafta uncertainty threatens mexicos economy
Last Updated : GMT 14:24:34
Arab Today, arab today
Arab Today, arab today

NAFTA uncertainty threatens Mexico's economy

Arab Today, arab today

Arab Today, arab today NAFTA uncertainty threatens Mexico's economy

Mexican presidential hopeful Andres Manuel Lopez Obrador.
Washington - Arab Today

Uncertainty over the NAFTA trade agreement poses a risk to economic growth in Mexico, the International Monetary Fund said Monday as US, Mexican and Canadian negotiators geared up for new talks.

The IMF said in a report that Latin America's second-largest economy was weathering a difficult international environment relatively well, but could see growth take a hit because of US President Donald Trump's moves to overhaul or scrap the North American Free Trade Agreement.

"Prolonged and heightened uncertainty regarding the pace and outcome of the negotiations" poses a major risk, the IMF said in a so-called Article IV report after an annual fact-finding visit to Mexico.

The report comes as Mexico City prepares to host a fifth round of talks from November 17 to 21 between the three NAFTA countries.

The 1994 trade deal has helped turn Mexico into a major exporter by giving it duty-free access to the United States, the destination for about 80 percent of its exports.

But talks on updating it have stumbled over several controversial issues, and the last round ended with all three sides trading blame and extending the negotiations into 2018.

"Protracted negotiations could prolong uncertainty regarding Mexico's future economic relations with the US," the IMF said.

Trump has called NAFTA the worst trade deal ever signed by the United States, accusing it of shipping American manufacturing jobs south of the border.

His administration has made some hard-to-swallow demands aimed at reducing the United States' more than $60 billion trade deficit with Mexico, including tightening the "rules of origin" to require a certain percentage of vehicles be made in the US to qualify as duty-free.

The IMF predicted the Mexican economy would grow 2.1 percent this year and 1.9 percent in 2018, sticking to its most recent forecast from early October.

But it said Mexico also faces risks caused by weak US growth and political uncertainty in presidential elections next year. Leftist populist Andres Manuel Lopez Obrador -- a fiery critic of both Trump and the NAFTA negotiations -- currently holds the lead in opinion polls.

Souece: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

nafta uncertainty threatens mexicos economy nafta uncertainty threatens mexicos economy

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

nafta uncertainty threatens mexicos economy nafta uncertainty threatens mexicos economy

 



Arab Today, arab today
Arab Today, arab today The Rake announces editorial updates

GMT 12:19 2018 Tuesday ,16 January

The Rake announces editorial updates
Arab Today, arab today Lebanon says foiled IS holiday attacks

GMT 02:59 2018 Saturday ,20 January

Lebanon says foiled IS holiday attacks
Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today Israel apologises to Jordan

GMT 01:41 2018 Saturday ,20 January

Israel apologises to Jordan
Arab Today, arab today Booby-trapped messaging apps used

GMT 02:11 2018 Saturday ,20 January

Booby-trapped messaging apps used
Arab Today, arab today Cosmetics PR Performance  2017

GMT 09:34 2018 Sunday ,14 January

Cosmetics PR Performance 2017
Arab Today, arab today Emirates announces $16 bn deal

GMT 01:28 2018 Friday ,19 January

Emirates announces $16 bn deal
Arab Today, arab today For the Variety of Interior Design Styles

GMT 11:14 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Arab Today, arab today Turkey 'not satisfied' with US assurance

GMT 01:15 2018 Friday ,19 January

Turkey 'not satisfied' with US assurance
Arab Today, arab today Taiwan chip 'godfather' bullish on cryptocurrency

GMT 02:03 2018 Friday ,19 January

Taiwan chip 'godfather' bullish on cryptocurrency

GMT 07:22 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 07:23 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 16:25 2016 Thursday ,22 December

Italian bank Monte Paschi edges closer to state bailout

GMT 09:12 2017 Friday ,17 November

Gleam Futures represents Grace Beverley

GMT 06:03 2014 Wednesday ,09 April

Please .. Let Gaza breathe!

GMT 04:18 2017 Sunday ,26 November

Bella magazine appoints celebrity writer

GMT 16:08 2017 Tuesday ,24 October

Glamour fashion editor goes freelance

GMT 06:00 2017 Sunday ,29 October

Childrenswear brand Once appoints Dyelog

GMT 16:33 2014 Thursday ,13 November

Al-Ehtimam Bil Aakhareen

GMT 03:34 2017 Sunday ,05 November

Needle & Thread relocates press office

GMT 04:30 2017 Sunday ,22 October

Miista appoints IPR London

GMT 05:14 2017 Thursday ,19 October

Blogger seeks male beauty boxes for Christmas Gift

GMT 15:12 2017 Saturday ,14 October

Christmas Gift Guide - My Girls On Tour

GMT 15:24 2017 Thursday ,05 October

A.F.VANDEVORST appoints SPRING London

GMT 01:41 2017 Saturday ,12 August

Moroccan video sparks debate on sexual harassment

GMT 15:56 2017 Monday ,18 December

EVE LOM to launch Radiance Face Oil

GMT 01:19 2017 Thursday ,16 November

Da Vinci painting sells for $450mn in NY

GMT 10:26 2017 Thursday ,21 December

Charlotte Connoley announces blog launch

GMT 04:28 2017 Sunday ,26 November

Brands sought for BRITs Spa backstage

GMT 14:56 2017 Thursday ,21 December

Ryanair says formally recognises pilots' union
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday