November 15, 2017 / 9:05 PM / a month ago

Mexico to propose 'rigorous' NAFTA reviews to counter sunset plan

MEXICO CITY (Reuters) - Mexican negotiators will propose “rigorous” five-year reviews of the North American Free Trade Agreement (NAFTA) to counter a U.S. proposal to include a five-year sunset clause in the updated trade pact, a senior official said on Wednesday.

Speaking on Mexican radio, Economy Minister Ildefonso Guajardo said that unlike the U.S. proposal, this plan would not lead to automatic termination of the $1 trillion trade pact after five years.

The fifth round of talks to renegotiate NAFTA kicked off on Wednesday in the Mexican capital.

Reporting by Mexico City newsroomEditing by Chizu Nomiyama

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