Mexican business sector rejects replacing NAFTA with bilateral trade deals

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Xinhua, Mexico City :
Mexico’s influential Business Coordination Council (CCE) on Tuesday rejected a possible U.S. move to make separate trade deals with Canada and Mexico to replace the North American Free Trade Agreement (NAFTA).
Speaking at a conference of the Organization for Economic Cooperation and Development in Mexico City, CCE President Juan Pablo Castanon insisted that a trilateral agreement was the most desirable outcome. “We believe that (seeking) the synergies which can exist among the three countries is the best we can do for the region’s competitiveness,” the CCE leader said.
Last week, U.S. President Donald Trump suggested he would prefer to scrap NAFTA altogether and seek two bilateral agreements with Canada and Mexico separately.
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