Trump Administration to Renegotiate NAFTA Agreement With Canada and Mexico

May 18, 2017

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)

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions