Mexico and Turkey have agreed to speed up negotiations for a free trade agreement in the wake of protectionist threats from US President Donald Trump. Mexican Foreign Minister Luis Videgaray and his visiting Turkish counterpart Mevlut Cavusoglu yesterday said the two governments have held seven rounds of talks and will meet again in the coming weeks. <br/><br/>Mr Videgaray said, both countries have agreed to give a faster impetus to the search for an agreement. He also proposed to strengthen the MIKTA forum, a political and trade forum that includes Mexico, Indonesia, South Korea, Turkey and Australia.<br/>'<br/>US, Canada and Mexico are preparing to renegotiate the North American Free Trade Agreement (NAFTA) as demanded by Mr Trump, who calls the pact a catastrophe for his country.<br/>'<br/>Faced with Mr Trump's threat to leave NAFTA if necessary, Latin America's second biggest economy is speeding up negotiations with the European Union and seeking to tighten trade bonds with other nations.<br/><br/>
News On AIR | February 4, 2017 5:51 AM
Mexico, Turkey agree to speed up negotiations for free trade agreement