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Mexico lays out cards for high stakes talks with Trump

CNBC International 2017-01-12 17:00:02

Mexico said on Wednesday it would throw its relationship with the United States wide open in talks with the incoming Trump administration, putting security, migration and trade on the table as it seeks to avoid a major economic shock.

U.S. President-elect Donald Trump has threatened to tear up a trade agreement that underpins Mexico's export model if he cannot renegotiate its terms in his favor, battering the peso currency and fueling uncertainty over foreign investment.

President Enrique Pena Nieto said Mexico would take a broad approach to the challenge, seeking a settlement that would benefit both Mexico and the United States as he looks to carve out a platform that gives him room for maneuver in talks.

"All the issues that define our bilateral relationship are on the table, including security, migration and trade," Pena Nieto said in a speech to diplomats in Mexico City, sketching out his negotiating position for the first time.