The video discusses the challenges and progress in NAFTA negotiations, focusing on contentious issues like rules of origin. It highlights Mexico's readiness to exit NAFTA if terms are unfavorable, considering WTO rules as a viable alternative. The potential for Mexico to strengthen bilateral trade with Canada is also explored.

What is one of the main contentious issues in the NAFTA negotiations?

• Environmental regulations

• Labor laws

• Rules of origin

• Currency exchange rates

According to Mexico's Foreign Minister, what is a possible scenario if the US withdraws from NAFTA?

• Mexico will face economic collapse

• NAFTA will continue without the US

• There could be life after NAFTA

• Mexico will immediately join the EU

What trading rules does Mexico prefer if NAFTA terms are not favorable?

• NAFTA rules

• ASEAN rules

• WTO rules

• EU rules

What is the current state of Mexico-Canada relations according to the transcript?

• Strained and difficult

• Non-existent

• Very good

• Deteriorating

What is a potential strategy for Mexico if it cannot agree with the US on NAFTA terms?

• Negotiate directly with Canada

• Withdraw from all trade agreements

• Join the European Union

• Focus solely on domestic trade