Status update from Jalisco: NAFTA Talks and Mexican Elections Causing Volatility
It has become public knowledge that 2018 will bring about an atypical and historically unusual environment for Mexico and the state of Jalisco, created by a mix of political and economic headwinds that will very likely alter the face of business. NAFTA Woes Continue There are a number of elements that will play a part in these changes, the first being the US choices that will impact negotiations for a new North American Free Trade Agreement (NAFTA), given the need for it to be ratified by the US Senate. The negotiation of a new NAFTA is far from simple, and has been mired by complexity in almost all its negotiation rounds as all players hold extremely divergent points of view. Couple that with the doubts that Trump still faces within his own party and from the American people over his management of the Administration, and things become more surprising and unpredictable. Exactly how changes to NAFTA will affect Jalisco and foreign trade in Mexico is still unknown, but the envi