Videgaray testifies in Senate on priorities vis-à-vis U.S.

Foreign Minister Luis Videgaray appeared before the full Senate to present outline the government’s posture on the negotiations with the U.S. across the full range of issues.  He and the Senate agreed that they would prepare a document “to regulate and delimit” the negotiations, to be signed by both the administration and the Senate. The Senate leadership said they would have a draft to discuss when Videgaray returns on 3/7.

The principal points Videgaray made are here.

The major question is whether Mexico is willing to negotiate trade issues on a stand-alone basis, or will insist on an all-or-nothing “integral” negotiation, where trade, migration, the border, cooperation on security, and drug trafficking are all on the table. The former offers the prospect of a revised NAFTA in less than a year.  The latter would ensure that nothing gets resolved before both countries move into full election mode in 2018. 

The Mexican government is operating on the assumption that NAFTA negotiations will begin in June, although the Trump administration has not yet given the required 90-day notice to Congress.

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