{"id":1604,"date":"2018-04-27T11:28:41","date_gmt":"2018-04-27T11:28:41","guid":{"rendered":"http:\/\/baileyonlineclassroom.com\/theamericasblog\/?p=1604"},"modified":"2018-04-27T11:28:41","modified_gmt":"2018-04-27T11:28:41","slug":"nafta-has-absolute-support-of-mexican-presidential-front-runner","status":"publish","type":"post","link":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/2018\/04\/27\/nafta-has-absolute-support-of-mexican-presidential-front-runner\/","title":{"rendered":"Nafta Has \u2018Absolute Support\u2019 of Mexican Presidential Front-Runner"},"content":{"rendered":"<div class=\"lede-text-only lede\">\n<div class=\"lede-text-only__container\">\n<div class=\"lede-text-only__content\">\n<address class=\"lede-text-only__byline\">\n<div class=\"author\"><\/div>\n<\/address>\n<div class=\"lede-text-only__times\">April 17, 2018, 1:59 PM EDT<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"content-well\">\n<section class=\"main-column\">\n<ul class=\"abstract\">\n<li class=\"abstract__item\">\n<div class=\"abstract__item-text\">Candidate\u2019s pick for finance minister vows no primary deficit<\/div>\n<\/li>\n<li class=\"abstract__item\">\n<div class=\"abstract__item-text\">Urzua says would respect legally obtained oil contracts<\/div>\n<\/li>\n<\/ul>\n<figure class=\"lede-media-image lede figure-expandable\"><\/figure>\n<div class=\"body-copy fence-body\">\n<p>Mexico\u2019s leading presidential candidate Andres Manuel Lopez Obrador pledges \u201cabsolute support\u201d for the North American Free Trade Agreement, his pick for finance minister said, as negotiators edge closer to a deal to renew it.<\/p>\n<div class=\"hardwall\"><\/div>\n<div class=\"softwall\"><\/div>\n<p>The candidate would also respect the Trans-Pacific Partnership, said Carlos Urzua, picked by Lopez Obrador to be his finance minister if he wins the July 1 election. While the frontrunner in polls has said he\u2019d prefer to redo Nafta himself, Urzua acknowledged the benefits of a rapid conclusion to talks.<\/p>\n<div class=\"hardwall\"><\/div>\n<div class=\"softwall\"><\/div>\n<p>\u201cThere\u2019s absolute support for Nafta,\u201d Urzua said in Mexico City on Monday evening. \u201cLopez Obrador has said that hopefully it\u2019s held up so we can finish it, but there are advantages because the market could become a bit nervous if there\u2019s no Nafta and there are presidential elections at the same time.\u201d<\/p>\n<p>U.S. President Donald Trump has been pushing for a quick resolution to Nafta talks with Mexico and Canada, and negotiators are in Washington this week hoping to keep working until an accord is reached. Leaders of the countries say a deal could be completed within weeks, although differences remain on key issues.<\/p>\n<div class=\"hardwall\"><\/div>\n<div class=\"softwall\"><\/div>\n<p><a title=\"Nafta Talks and Campaign Managing to Coexist: Mexico Election\" href=\"https:\/\/www.bloomberg.com\/mexico2018\" target=\"_blank\" rel=\"noopener\">Who\u2019s ahead in Mexico\u2019s election? For Bloomberg Poll Tracker, click here.<\/a><\/p>\n<p>While pledging new social programs, Urzua said he wouldn\u2019t let the budget register a primary deficit. He also promised to respect all legally obtained oil contracts from a landmark energy opening to the private sector.<\/p>\n<p>While oil tenders will be reviewed to ensure companies that the winning bid offered the best returns for the government, he said it was highly probable no contract will be revoked. Going forward, however, oil auctions would be suspended to assess whether it makes sense to keep expanding drilling for a non-renewable energy source given the fields that are available in Mexico.<\/p>\n<p>Responding to questions about Lopez Obrador\u2019s proposed three-year energy price freeze, Urzua admitted that pronounced peso weakness would present a challenge to keeping to such a policy.<\/p>\n<\/div>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>April 17, 2018, 1:59 PM EDT Candidate\u2019s pick for finance minister vows no primary deficit Urzua says would respect legally obtained oil contracts Mexico\u2019s leading presidential candidate Andres Manuel Lopez Obrador pledges \u201cabsolute support\u201d for the North American Free Trade Agreement, his pick for finance minister said, as negotiators edge closer to a deal to renew it. The candidate would&#8230; <a href=\"https:\/\/baileyonlineclassroom.com\/theamericasblog\/2018\/04\/27\/nafta-has-absolute-support-of-mexican-presidential-front-runner\/\">Read more &raquo;<\/a><\/p>\n","protected":false},"author":70,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1604","post","type-post","status-publish","format-standard","hentry","category-article"],"_links":{"self":[{"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/posts\/1604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/users\/70"}],"replies":[{"embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/comments?post=1604"}],"version-history":[{"count":1,"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/posts\/1604\/revisions"}],"predecessor-version":[{"id":1605,"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/posts\/1604\/revisions\/1605"}],"wp:attachment":[{"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/media?parent=1604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/categories?post=1604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/tags?post=1604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}