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Mexico Prepared to 'Modernize' NAFTA, Economy Minister Says

by Reuters

   DETROIT --

   Mexico is prepared to negotiate changes to the North American Free
   Trade Agreement that would modernize the 23-year-old open-trade pact
   grouping the United States, Canada and Mexico, Economy Minister
   Ildefonso Guajardo said Friday.

   Guajardo said Mexico was prepared to discuss with the Trump
   administration and Canada such revisions to NAFTA as including labor
   and environmental standards. Mexico "is willing to modernize NAFTA," he
   said.

   However, Guajardo said Mexico would not accept tariffs.

   U.S. President Donald Trump has called for new border taxes on
   Mexican-made goods. Guajardo said, however, that "it makes no sense to
   introduce an agreement with border restrictions or tariffs."