Mexico economy minister to meet with U.S. auto, auto parts execs on Nafta

Mexico's economy minister will meet with Ford and other auto executives in Detroit.
Mexico’s economy minister will meet with Ford and other auto executives in Detroit.

By Jude Webber / Financial Times

Ildefonso Guajardo, Mexico’s economy minister, will meet executives from Ford and General Motors in Detroit on Friday, today, as well as officials from two auto-parts companies with plants in Detroit and Mexico, as part of a visit designed to talk up the benefits of Nafta.

Guajardo, who was part of the team that negotiated the North American Free Trade Agreement that took effect in 1994, will also address the Detroit Economic Club on the subject of US-Mexican bilateral relations, relations between the state of Michigan and Mexico and the current situation and future of the free-trade pact.

A statement did not say whom the minister would meet or name the car-parts companies.

President Donald Trump has vowed to revamp Nafta, saying the current deal is not in the US’ interests.

U.S. Commerce secretary Wilbur Ross has suggested talks could focus on rules of origin and dispute resolution mechanisms. Trump has vowed to pull the US out of Nafta unless he can get a better deal.

https://www.ft.com/content/f0db6d96-95ef-34be-9d07-0d498a684fb8

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