North American economies must better integrate or risk falling further behind in competitiveness with Europe and Asia, Mexican President Felipe Calderon said.
``North America has been losing market share in world exports,'' Calderon said today at the Economic Club of New York. ``We in North America are losing time.''
Calderon called on the U.S. earlier this week to preserve the North American Free Trade Agreement, saying Sept. 23 that any renegotiation may be harmful. He said today that Mexico, which sells 80 percent of its exports to the U.S., is diversifying more toward Europe and Latin America.
U.S. critics of free trade have been more vocal this year as confidence in the economy erodes, and Democratic presidential nominee Barack Obama has said Nafta should be changed to include labor and environmental standards.
``North America has been losing market share in world exports,'' Calderon said today at the Economic Club of New York. ``We in North America are losing time.''
Calderon called on the U.S. earlier this week to preserve the North American Free Trade Agreement, saying Sept. 23 that any renegotiation may be harmful. He said today that Mexico, which sells 80 percent of its exports to the U.S., is diversifying more toward Europe and Latin America.
U.S. critics of free trade have been more vocal this year as confidence in the economy erodes, and Democratic presidential nominee Barack Obama has said Nafta should be changed to include labor and environmental standards.
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