NAFTA negotiations

Ildefonso Guajardo states Mexico has a team fully committed to NAFTA and the negotiations, and claims a deal could be reached in May

Mexico's Economy Minister, Ildefonso Guajardo, remarked that Mexico is head to head with its counterparts to move forward and to modernize, not to return to the past

NAFTA talks have begun and the U.S. Trade Representative said the agreement between his country, Mexico and Canada needs major improvements

The visit will be the first trip to Mexico since Canada's Prime Minister, Justin Trudeau, assumed office

Mexico also seeks to revamp customs processes and greater labor market integration

Canada, US, and Mexico will form work teams to oversee drafting and revise current NAFTA chapters

Deputy secretary Juan Carlos Baker made clear that Mexico will not accept a negotiation that seeks to establish tariffs or affects the chains of value that exist between both countries

Mexican Foreign Minister announced his meeting with U.S. authorities to negotiate

Mexican Foreign Minister announced his meeting with U.S. authorities to negotiate

Trudeau, when asked about Canadian firms' concerns about possible changes to NAFTA, said: "It is a real concern for many Canadians because we know our economy is very dependent on our relationship with the U.S.