"We are also analyzing a scenario with no NAFTA," Guajardo said. To that end, and to seek openings in more markets, Mexico is hosting trade talks with Brazil this week. Trade officials are also discussing a possible replacement for the Trans-Pacific Partnership trade pact that Trump ditched after taking office. Overlapping with the NAFTA talks, Mexico will participate in separate trade meetings with Australia and New Zealand in Peru, and President Enrique Pena Nieto travels to China this weekend. Some 80 per cent of all Mexican exports go to the United States, and economies such as Brazil and China often compete with Mexico.

Source: CBC News August 30, 2017 14:48 UTC