Monday, February 17, 2014

NAFTA leaders prepare for summit

Monday, 17 February 2014 00:10
THE NEWS


The continent’s leaders are preparing for the North American Summit, where new opportunities for trade and cooperation between the nations will be discussed. The summit is to be held in Toluca on Feb. 17, 18 and 19 and will give leaders an opportunity to discuss regional consolidation.

Mexican Foreign Relations Undersecretary for North America Sergio Alcocer, joined by Mexican Ambassador to the U.S, Eduardo Medina Mora, and to Canada, Francisco Suárez Dávila, said in a Sunday press conference that the intention of the summit is to advance competition and make the region the most dynamic in the world.

Medina Mora said that U.S. President Barack Obama and Mexican President Enrique Peña Nieto will use the mechanism to evaluate their collaboration mechanisms.

The North American Summit will also mark the first official visit of Canadian Prime Minister Stephen Harper to Mexico, which Suárez Dávila said offers an opportunity to increase ties between the two countries, which he said have seen a large increase in bilateral trade in recent years.

Arturo Sarukhan, Mexico’s former ambassador to the U.S., said that the meeting is coming “at the right time,” as it coincides with the 20th anniversary of the North American Free Trade Agreement (NAFTA), which he said offers an opportunity to analyze its achievements and failures, adding that Mexico is in its best position in years due to last year’s approval of a key energy reform.

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