World Economy

Mexico to Deepen Regional Trade Cooperation

Mexico to Deepen Regional Trade CooperationMexico to Deepen Regional Trade Cooperation

As the year proceeds, Mexico, the world’s thirteenth largest economy, is expected to rebalance its international trade relationships. It is likely to do so irrespective of the outcome of meetings under way with Canada and the US on the future of the North American Free Trade Agreement, or President Trump’s threats about future US participation, Barbadosadvocate reported. For many months, Mexico has been exploring new trade initiatives with China which is a major trade partner, and with other nations across the Pacific, and with southern neighbors in the Americas. Next week President Enrique Pena Nieto, will travel to China to meet President Xi Jinping. The meeting follows others involving Mexico that aim to resuscitate the Trans Pacific Partnership, from which the US withdrew in January in a first demonstration of President Trump’s ‘America First’ trade policy. All of which affords a background to recent media reports that Mexico is considering playing a greater role in the Caribbean and Central America by developing a new concessional oil arrangement for the region, similar to that offered by Venezuela.


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