Friday August 12, 2022
  • Venezuela
  • Mexico
  • Colombia
  • Chile
  • Brazil
  • Argentina
  • Podcast
Versión Español
PanAm Post
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact
No Result
View All Result
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact
No Result
View All Result
PanAm Post
No Result
View All Result

Home » Mexico Prepares Economic “Plan B” in Case U.S. Leaves NAFTA

Mexico Prepares Economic “Plan B” in Case U.S. Leaves NAFTA

Elena Toledo by Elena Toledo
November 15, 2017
in Canada, Economics, Featured, International Relations, Mexico, News Brief, North America, Policy, Politics, United States
0
0
SHARES
0
VIEWS
FacebookTwitterTelegramWhatsapp
TLCAN
A “Plan B,” according to Secretary of Foreign Affairs, Luis Videgaray, involves a macroeconomic response that diversifies commercial markets while protecting foreign investment already established in the country. (Facebook)

EspañolMexico is working on a Plan B should discussions to renegotiate the North American Free Trade Agreement fall through with the United States and Canada. The US continues to push its “America First” policy that stands firm on ensuring US jobs don’t suffer from the agreement, while Mexico works to ensure any compromises made to satisfy that goal don’t compromise its own interests.

A “Plan B,” according to Secretary of Foreign Affairs Luis Videgaray, involves a macroeconomic response that diversifies commercial markets while protecting foreign investment already established in the country. Though Mexico’s Ministry of Finance and Central Bank are working together on the backup plan, President Enrique Peña Nieto’s adminsitration said it is still hopeful an agreement can be made soon.

RelatedArticles

The new socialist supremacisms: a maoist cultural revolution undermines the US

The new socialist supremacisms: a maoist cultural revolution undermines the US

August 21, 2021
GETTR: the powerful weapon of Trump and international right wing

GETTR: the powerful weapon of Trump and international right wing

July 13, 2021

“We have to be prepared for all possibilities, and one scenario is for the United States to leave the treaty, which, as we have said, would not be the end of the world,” Nieto said. “The Mexican economy is much bigger than NAFTA.”

Officials in Mexico have reiterated on several occasions that dissolving NAFTA would not be “the end of the world;” however, international organizations, such as the International Monetary Fund (IMF), have warned that the economic growth of the country is at risk due to the uncertainty of the future of the treaty.

If the United States imposes tariffs on imports, the IMF said, it would affect the country’s growth and slow down capital flow. It suggested Mexico consider “temporary interventions of foreign currency and the provision of liquidity that could help soften the extreme volatility” of its currency.

  • Read More: Mexico Ranks First in Latin America in World Bank’s Doing Business Index
  • Read More: Mexico’s Congressmen Pass Reform to Foster Drone Industry

IMF made the suggestions in its most recent report following a visit to the country. The report also stressed that “prolonged uncertainty” would affect the Mexican economy the most. “The delay in negotiations may prolong the uncertainty about the future of Mexico’s economic relations with the United States,” it said.

However, the 76-page report also said that the Mexican economy has reacted resiliently to the current complex international environment, as its production has increased at a moderate pace and inflation has slightly exceeded projections made by the Central Bank of Mexico.

Sources: El Economista, El Economista

Previous Post

Castro Regime Steps up Repression, Detains and Threatens Prominent Opposition Figures

Next Post

Bitcoin is Not a Bubble: It’s a Disruptive Technology Bringing about Choice in Currency

Elena Toledo

Elena Toledo

Educator by trade, social-media apprentice, activist for a democratic Honduras, and free thinker. Follow her on Twitter @NenaToledo.

Related Posts

The new socialist supremacisms: a maoist cultural revolution undermines the US
Columnists

The new socialist supremacisms: a maoist cultural revolution undermines the US

August 21, 2021
GETTR: the powerful weapon of Trump and international right wing
United States

GETTR: the powerful weapon of Trump and international right wing

July 13, 2021
Three Signs That Elon Musk Has the World at His Fingertips
Columnists

Trump Against Suppression of Human Rights

February 1, 2021
Three Signs That Elon Musk Has the World at His Fingertips
News

15 Republicans Who Voted Against Trump Are Already Facing the Consequences

February 1, 2021
Three Signs That Elon Musk Has the World at His Fingertips
Analysis

Three Signs That Elon Musk Has the World at His Fingertips

February 1, 2021
Three Key Moments to Remind Us That the UN Is a Nest of Oppressive Regimes
Analysis

Antiracist Baby: Netflix Series Loaded with Racially Indoctrinating Children

January 29, 2021
Next Post
Bitcoin is Not a Bubble: It’s a Disruptive Technology Bringing about Choice in Currency

Bitcoin is Not a Bubble: It's a Disruptive Technology Bringing about Choice in Currency

Subscribe free and never miss another breaking story

  • Venezuela
  • Mexico
  • Colombia
  • Chile
  • Brazil
  • Argentina
  • Podcast

© 2020 PanAm Post - Design & Develop by NEW DREAM GLOBAL CORP. - Privacy policy

No Result
View All Result
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact

© 2020 PanAm Post - Design & Develop by NEW DREAM GLOBAL CORP. - Privacy policy

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. Privacy and Cookie Policy.