Businesses fear NAFTA ruined

2017-10-12 02:50:04

(MENAFN) The most powerful U.S. business lobby accused the Trump administration of making "poison pill proposals" to sabotage NAFTA on Tuesday, as Mexico's foreign minister said the demise of the regional trade pact would hurt bilateral cooperation.

The process of renegotiating the 23-year-old North American Free Trade Agreement has turned increasingly acrimonious. Mexico accuses U.S. President Donald Trump of spoiling for a "protectionist war" with proposals aimed at balancing trade.

Mexican Foreign Minister Luis Videgaray said on Tuesday that an end to NAFTA would mark a breaking point in U.S.-Mexican relations and affect bilateral cooperation in other areas.

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