The Trump administration on Thursday formally launched its effort to renegotiate the North American Free Trade Agreement with Canada and Mexico, CNBC reported, citing a letter sent to Congress.
Mexico's government welcomed the upcoming renegotiation of the North American Free Trade Agreement ( NAFTA ).
In a brief statement, Mexico's economy ministry said NAFTA had been a boon to Canada, the United States and Mexico, and that all three nations deserved a modern pact to regulate trade.
"Mexico expects a constructive negotiation that allows more cooperation, economic integration, and boosts regional competitiveness," the ministry said in the statement. (Reporting by Dave Graham)