Mexico's private sector says ready for NAFTA talks

Xinhua News Agency

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Mexico's private sector said Tuesday it was ready to accompany the

government delegation in the upcoming renegotiation of the North

American Free Trade Agreement (NAFTA).

Talks on the two-decade deal between Mexico, the United States and

Canada are to begin in August in a bid to address U.S. President Donald

Trump's concerns that the existing agreement harms U.S. industry and

jobs.

The president of Mexico's Business Coordinating Council (CCE), Juan

Pablo Castanon, said in a statement that the various economic sectors

have held more than 200 meetings since the beginning of the year to

hammer out a unified strategy on each of the points to be debated.

"We have carried out extensive preparatory work with each sector of

the economy ... we are united and prepared," said Castanon, whose

organization gathers Mexico's leading business and industrial chambers.

Business leaders have formed an intelligence group to support the

negotiating team with information, analysis, potential scenarios and

concrete positions, he said.

The CCE has also consulted with politicians and lawmakers, workers

and academics, and industry observers, as well as establishing

communication channels with its U.S. and Canadian counterparts, he

added.

NAFTA should be renegotiated with the goal of increasing North

America's competitive edge and jobs market, while looking out for the

interests of Mexico's productive sectors, said Castanon.

"We firmly believe in our open (economic) model and we will strive to

find means of integration that will continue to strengthen North

America as the world's most competitive region," said Castanon.

Trump believes the U.S. economy has suffered factory closings and the loss of jobs since the treaty went into effect in 1994.