In blow to Trump, GE backs NAFTA and voices support for Mexico
Sat May 13, 2017 | 12:08am BST
By Dave Graham | MONTERREY, MEXICO
General Electric (GE.N) on Friday praised Mexico as a big part of its future and said the company is "very supportive" of the North American Free Trade Agreement (NAFTA) that U.S President Donald Trump has threatened to ditch.
GE Chief Executive Officer Jeff Immelt said on a visit that Mexico had great potential and was not properly understood. He touted the conglomerate's Mexican operations and the trade deal binding Mexico, Canada and the United States.
"GE as a company, we're very supportive of NAFTA," Immelt told employees at an event to mark the expansion of operations in the northern city of Monterrey. He said the trade accord could be modernized, as Mexico has argued.
Immelt sits on a Trump-appointed manufacturing council that Mexico has targeted for lobbying as Mexico and Canada push U.S. business leaders to defend NAFTA.
More:
http://uk.reuters.com/article/us-usa-trade-mexico-ge-idUKKBN18829I
LBN:
https://www.democraticunderground.com/10141773833
