Ivan Farias Pelcastre and Hera Jabeen | Since the start of diplomatic relations in 1944, and until very recently, economic and political links between Canada and Mexico were limited. Now to effectively progress with the NAFTA renegotiations, Canada or Mexico can recalibrate their trade and make concessions to the US process.
In the fifth round of renegotiations regarding the modernisation of the North Atlantic Free Trade Agreement, no progress was made on the major points of contention. Now the sixth round will take place in Washington in December 2017. While this is not AXA IM’s central scenario, there is still a risk that the negotiations break down.
Mexico is an automotive powerhouse in its own right: it is fourth in the rankings of automobile exporters, coming immediately after the top three players, Germany, Japan and the US. And there are important indirect public advantages which an automotive manufacturere can benefit from if it decides to set up operations there.
CIE Automotive ended 2016 eliminating any doubts on its capacity to meet the objectives in its 2016/2020 Strategic Plan. In fact, it has brought forward its target of doubling Attributable Net Profit by one year to 2019.
Daniel Kapellmann | Whereas it took some 10 years to negotiate and enforce a mechanism to strengthen commercial bonds between Canada, the United States and Mexico, today, after 23 years in existence, the North American Free Trade Agreement (NAFTA) may be overrun in just a couple of months.
The wall with Mexico, which the crazy US President Donald Trump had ordered to be built and financed by imposing a 20% tariff on Mexican imports, will end up being paid for by the Americans – although the impact for Mexico will be far from negligible.
Maria Fernando Tapia Cortés | Donald Trump has already built barriers around his relationship with Mexico that are higher than any wall. The diplomatic slip in the form of a tweet that ended with President Enrique Peña Nieto canceling their meeting was apparently fixed after the phone call between the two presidents held on January 27, in which they agreed to not talk publicly of the wall and expressed their desire to keep cooperating on issues like security.