Mexico is about to take another step to pivot its economy away from the U.S. and President Trump.
Mexican officials kick off talks with their counterparts in the European Union on Monday to update their own free trade agreement initially signed in 2000.
Both sides had expressed a desire for a new agreement for years, but only announced “accelerated” trade talks shortly after Trump took office.
“It’s a shared desire to proceed as quickly as possible with this negotiation,” Andrew Standley, the European Union’s ambassador to Mexico, told CNNMoney in February in Mexico City.
That’s not all. Mexican officials head to Argentina later this week for the World Economic Forum’s Latin America summit where they will likely reiterate their interest in buying more goods — particularly corn and soy — from Brazil and Argentina instead of the United States.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.