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AmericasMarch 1 2017

Nafta or not: Mexico’s economy in the balance

As US president Donald Trump takes aim at Nafta, which he calls “the worst trade deal ever”, Silvia Pavoni takes the pulse of Mexico’s business, banking and trade community, where hearts are thumping but heads remain cool.
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Kenneth Smith Ramos has one of the world’s most stressful jobs. As the Mexican Ministry of Economy’s man leading trade relations with the US, he has his work cut out. President Donald Trump’s administration wasted no time in calling for a revision or abandonment of Nafta, the North American Free Trade Agreement that binds the two countries and Canada. Nafta is “the worst trade deal ever”, according to Mr Trump. Mexico’s economy has grown to depend on it.

Yet, when The Banker called his office on Pennsylvania Avenue, a couple of blocks from the White House, Mr Smith Ramos discussed his activity in the capital with the energy and enthusiasm of someone about to embark on a promising negotiation.

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Silvia Pavoni is editor in chief of The Banker. Silvia also serves as an advisory board member for the Women of the Future Programme and for the European Risk Management Council, and is part of the London council of non-profit WILL, Women in Leadership in Latin America. In 2019, she was awarded an honorary fellowship by City University of London.
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