In Mexico, Nervous Business Leaders Watch Fate Of US Trade Deal

By Jorge Valencia
Published: Thursday, October 3, 2019 - 10:32am

Business and government leaders in Mexico are working to calm any fears that President Trump's impeachment proceedings could jeopardize the ratification of a new trade agreement.

Mexican legislators have already approved the U.S.-Mexico-Canada Trade Agreement. And almost nine out of 10 business leaders here believe it'll bring in more business, according to a survey by the multinational TMF Group.

Moisés Kalach, who oversees international trade for the Consejo Coordinador Empresarial, Mexico's largest business association, has said in multiple interviews since impeachment proceedings were initiated in Washington last week that he’s not concerned Congress hasn’t ratified the new trade deal. He also emphasizes that until the North American Free Trade Agreement will be in place until a new deal is approved.

"What’s happening is just political noise,” Kalach said in an interview with Excelsior TV in Mexico City.

Meanwhile, in Washington, House Speaker Nancy Pelosi told reporters on Wednesday that Democratic leaders are working with President Trump's trade officials toward ratification.

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