On February 1, 2017, the Mexican Government announced that the Ministry of Foreign Affairs and the Ministry of Economy are initiating a formal public consultation process for the revision of the North American Free Trade Agreement (NAFTA) with the private sector and other relevant actors for a period of 90 days, which will continue permanently once the negotiation begins. The consultation will set the parameters that will guide the review and deepening of NAFTA.
The announcement said that the consultation in Mexico begins simultaneously with the one that the United States Government will carry out internally for its own purposes.
The consultation process in Mexico will be coordinated by the Ministry of Economy, through the established regular mechanisms. During the consultation, there will be an active participation of the Senate of the Republic in matters of foreign policy.
The consultation process is indispensable to achieve a modernization of the NAFTA that serves the national interest, as is being done in the case of the Agreement between Mexico and the European Union, whose negotiation will also occur in 2017.