Mexican, Canadian leaders reaffirm commitment to NAFTA

Canadian first lady Sophie Gregoire Trudeau, left, speaks with Mexican first lady Angelica Rivera during a welcoming ceremony at the National Palace in Mexico City, Thursday, Oct. 12, 2017. Canada's prime minister is in Mexico for a two-day official visit. (AP Photo/Rebecca Blackwell)
Canadian Prime Minister Justin Trudeau, centre, and Mexican President Enrique Pena Nieto walk past the honour guard during a welcoming ceremony at the Palacio Nacional in Mexico City on Thursday, Oct. 12, 2017. (Sean Kilpatrick/The Canadian Press via AP)
Canadian Prime Minister Justin Trudeau and his wife Sophie Gregoire Trudeau, left, leave a welcoming ceremony with Mexican President Enrique Pena Nieto and his wife Angelica Rivera at the Palacio Nacional in Mexico City on Thursday, Oct. 12, 2017. (Sean Kilpatrick/The Canadian Press via AP)
Canadian Prime Minister Justin Trudeau walks past the honour guard during a welcoming ceremony at the Palacio Nacional in Mexico City on Thursday, Oct. 12, 2017. (Sean Kilpatrick/The Canadian Press via AP)
Mexican firefighters who have fought fires in Canada, dressed in yellow, attend a joint news conference by Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto at the National Palace in Mexico City, Thursday, Oct. 12, 2017. Trudeau is in Mexico for a two-day official visit. (AP Photo/Rebecca Blackwell)
Canadian Prime Minister Justin Trudeau speaks to the media, alongside Mexican President Enrique Pena Nieto, not in picture, at the National Palace in Mexico City, Thursday, Oct. 12, 2017. Trudeau is in Mexico for a two-day official visit. (AP Photo/Rebecca Blackwell)
Canadian Prime Minister Justin Trudeau and his wife Sophie Gregoire Trudeau arrive with Mexican President Enrique Pena Nieto and his wife Angelica Rivera, not in picture, to address the media at the National Palace in Mexico City, Thursday, Oct. 12, 2017. The Trudeau's are in Mexico for a two-day official visit. (AP Photo/Rebecca Blackwell)
Mexican President Enrique Pena Nieto puts on his jacket as his wife Angelica Rivera looks on before welcoming Canadian Prime Minister Justin Trudeau and his wife Sophie Gregoire Trudeau to the National Palace in Mexico City, Thursday, Oct. 12, 2017. (AP Photo/Rebecca Blackwell)
Canadian Prime Minister Justin Trudeau, left, and Mexican President Enrique Pena Nieto shakes hands during a meeting at the Palacio Nacional in Mexico City on Thursday, Oct. 12, 2017. (Sean Kilpatrick/The Canadian Press via AP)

MEXICO CITY — Mexican President Enrique Pena Nieto and Canadian Prime Minister Justin Trudeau have reaffirmed their commitment to a trilateral renegotiation of the North American Free Trade Agreement.

Speaking during a state visit by Trudeau in Mexico City, the leaders dodged questions seeking their reaction to comments made a day earlier by President Donald Trump about the possibility of the U.S. seeking bilateral agreements if it walks away from NAFTA.

Trudeau conceded that "we are in a somewhat unpredictable context," but said Canada and Mexico continue to believe a trilateral agreement was the best way forward.

Pena Nieto downplayed talk of "poison pill" proposals from the U.S. and said less attention should be paid to what is said away from the negotiating table.

The fourth round of negotiations began Wednesday in Washington.

Other News

Global stocks drift lower as investors await US data

Aug 16, 2016

Shares were lower across global markets on Tuesday in sluggish trading, while oil prices resumed gains

Conventional tax proposals in an unconventional US campaign

Aug 17, 2016

In this unconventional campaign season, Donald Trump and Hillary Clinton have produced two conventional tax plans that mostly track their parties' long-standing views

Hong Kong airline Cathay's 1H profit tumbles 82 percent

Aug 17, 2016

Cathay Pacific Airways' profit tumbled in the first half of the year as economic weakness in China and other important markets cut passenger demand while it faced cutthroat competition from rivals

The Budget Report seeks to provide comprehensive coverage and analysis on the current economic, financial issues around the world. First hand finance and economic news all day, every day.

Contact us: sales@thebudgetreport.com