BANFF, Alta. – In the face of increasing trade between Canada and Mexico, Rogelio F. Montemayor-Morineau, president of Canacar, Mexico’s trucking association, said he would take a wait and see approach to the future of the North American Free Trade Agreement (NAFTA).
“What is going to happen in the future, I really don’t know,” Montemayor-Morineau said of the uncertainty surrounding NAFTA with the new Trump administration reviewing the agreement. “But I hope it’s good for our three countries.”
Montemayor-Morineau said changes to NAFTA could make wait times at the US-Mexico border longer than they already are, and could also have an effect on the price of goods and even the amount of product that crosses the borders separating Canada, the US and Mexico.
“We don’t know what to do or what to expect, so we will wait,” admitted Montemayor-Morineau, who was speaking to attendees at the Alberta Motor Transport Association (AMTA) Leadership Conference in Banff, Alta., April 29. “(NAFTA) has been good to us, and it has been good to our economy.”
Montemayor-Morineau provided an overview of Mexico’s trade situation with both the US and Canada, and said since NAFTA was implemented in 1994, despite his country’s hesitations at first, has been good for Mexico, with numbers to prove it.