NAFTA negotiations impact on businesses in Mexico

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During the 23 years that the North American Free Trade Agreement (NAFTA) has been in place, Mexican businessman Carlos Sosa's small business has been growing.

However, US President Donald Trump argued that NAFTA has been a bad deal for his country, citing the huge trade deficit with Mexico, and ordering a renegotiation. The representatives from the US, Canada and Mexico had wrapped up the first round of talks to renegotiate the NAFTA on Sunday.

"I have two worries: One is that maquiladora factories will disappear. They are an incredible source of work for Mexicans. The other is that tariffs could be imposed, raising prices on products entering the United States," said Sosa.

Sosa knows that the US president is worried about the deficit between the US and Mexico. But according to Sosa, once Trump sees all the pieces of this economic puzzle, he'll come to see that the trade deficit between his nation and Mexico is not a problem.

Keeping Mexican small businesses strong, Sosa argues, is good for both US suppliers and consumers. And it's good for the entire North American commercial zone as a whole.