News Reel: Mexico “Cannot Replace the US Market” if NAFTA is Lost

Despite the intention to diversify trade with other markets like Brazil and Argentina, negotiating with Trump is a challenging task and a “headache” for negotiators, say analysts.

Nafta video canieti event

Speaking at the CANIETI Annual Convention 2017, financial analysts Maricarmen Cortés, Marco Antonio Mares, and José Yuste explained that NAFTA is, without a doubt, fundamental to the Mexican economy, highlighting that 80% of Mexican trade is with the United States.

Despite the intention to diversify trade with other markets like Brazil and Argentina, the panel adamantly confirmed that Mexico “cannot replace the US market”, but that negotiating with Trump is a challenging task and a “headache” for negotiators.

 


For more video features with a focus on Mexico, check out the following links. 

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