Mexican trade minister: NAFTA revisions could have huge impact on KC

Business groups from the Kansas City area want to make sure local voices are heard as the federal government considers renegotiating the North American Free Trade Agreement.

The Kansas City economy exports more than $6.7 billion worth of products around the world each year, with $2.01 billion going to Canada and $1.23 billion going to Mexico, making NAFTA a big deal for the regional economy.

The Greater Kansas City Chamber of Commerce teamed up with the World Trade Center of Kansas City and Kansas City Southern to discuss the importance of free trade with Mexico to the Kansas City economy. On Wednesday, the groups brought in Kenneth Smith Ramos, the head of Mexico’s Trade and NAFTA Office at its Ministry of the Economy, to share his outlook on potential revisions to NAFTA.

Ramos said Mexico is a growing market and on pace to become the top trading partner for the U.S. within the next two decades.

“So it’s very important that as we start to debate the future of NAFTA that the Kansas City business community voices its opinion,” Ramos said. “(T)ell your elected leaders about your experiences and the opportunities trade with Mexico presents to you. We need to take this effort beyond Washington D.C., so they hear from people throughout the nation that the relationship with Mexico is crucial.”

Read more: Kansas City Business Journal

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