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Mexico Shows Willingness to Compromise on NAFTA Review

Economy minister says Mexico would accept U.S. proposal to review the agreement every five years.

By Eric Martin, Josh Wingrove and Andrew Mayeda, Bloomberg | Updated on November 16, 2017

Economy Minister Ildefonso Guajardo said Mexico is willing to review the North American Free Trade Agreement every five years, accepting part of a U.S. proposal, while insisting that there must not be any clause that would lead to automatic termination of the deal.

The Mexican counter-offer comes after U.S. President Donald Trump’s administration proposed a sunset clause, under which NAFTA would end after five years unless the parties can agree to extend it. Guajardo told Mexico’s Radio Formula on Wednesday that the clause is unnecessary because the nations already have the ability to withdraw by giving six months’ notice.

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