Trump administration to renegotiate NAFTA

Published online: May 18, 2017 News
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The Trump administration on Thursday formally launched its effort to renegotiate the North American Free Trade Agreement with Canada and Mexico, CNBC reported, citing a letter sent to Congress.

Mexico's government welcomed the upcoming renegotiation of the NAFTA.

In a brief statement, Mexico's economy ministry said NAFTA had been a boon to Canada, the United States and Mexico, and that all three nations deserved a modern pact to regulate trade.

"Mexico expects a constructive negotiation that allows more cooperation, economic integration, and boosts regional competitiveness," the ministry said in the statement.