/ Modified mar 9, 2017 10:08 a.m.

NAFTA Could Be Under the Knife by the End of This Year

Rewrite of 25-year-old agreement possible under Trump administration.

North American flags spot NAFTA

LISTEN

A rewrite of the 25-year-old North American Free Trade Agreement between the U.S., Mexico and Canada could begin at the end of this year and last a full year, the U.S. commerce secretary said this week.

President Donald Trump has called NAFTA the worst trade deal ever negotiated and said he will recast it so it is fairer for the United States.

That has businesses in Arizona and south of the border bracing themselves.

Mexico is one of the U.S.’s top trading partners. For Arizona, it’s the No. 1 destination for exports, with businesses in the state exporting more than $220 million in goods every month last year.

Jose Andres Garcia, the city of Phoenix’s trade representative in Mexico City, said Mexican companies looking to invest in Arizona are apprehensive, as are Arizona businesses.

“Companies haven’t defined in the short term their plans with Mexico because they don’t want to go into something before they have a specific idea of what is happening or when the time frames are going to be happening," Garcia said.

A new North American trade deal being struck next year could be good news for businesses averse to uncertainty. Otherwise, it could take much longer, as a new Mexican president takes office at the end of 2018.

By posting comments, you agree to our
AZPM encourages comments, but comments that contain profanity, unrelated information, threats, libel, defamatory statements, obscenities, pornography or that violate the law are not allowed. Comments that promote commercial products or services are not allowed. Comments in violation of this policy will be removed. Continued posting of comments that violate this policy will result in the commenter being banned from the site.

By submitting your comments, you hereby give AZPM the right to post your comments and potentially use them in any other form of media operated by this institution.
Arizona Public Media broadcast stations are licensed to the Arizona Board of Regents. Arizona Public Media and AZPM are registered trademarks of the Arizona Board of Regents.
The University of Arizona