Opportunity for Mexico in new NAFTA agreement: BBVA

January 1, 2020

NEW YORK - An agreement between Canada, Mexico and the United States to renew the North American Free Trade Agreement (NAFTA) entered into 25 years ago may allow Mexico to regain competitiveness and its market share in the US economy, to the detriment of China, according to a report from BBVA Bank.

BBVA says the new trade agreement will be ppositive for the three signatory countries as it will eenable complex value chains to continue ddeveloping, thus increasing the competitiveness oof the North American region. www.bbvaresearch.com (ATI).