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Obama and allies stress trade at North America summit

Published on Feb 20, 2014 1:36 PM
 

TOLUCA (AFP) - US President Barack Obama and leaders of Mexico and Canada pledged on Wednesday to improve their massive North American trade links at a summit shadowed by friction between the neighbors.

The one-day talks hosted by President Enrique Pena Nieto in an ornate state government palace in Toluca, near Mexico City, sought to find ways to revitalise the 20-year-old North American Free Trade Agreement (Nafta).

Pena Nieto said the summit with Obama and Canadian Prime Minister Stephen Harper aimed to make North America the "most competitive region in the world".

The three governments have no plans to reopen Nafta, which is worth US$1 trillion (S$1.26 trillion) a year, proposing instead to modernise it through a 12-nation Trans-Pacific Partnership project that Washington hopes to complete this year.

 
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