The collapse of the North American Free Trade Agreement (Nafta) would not be fatal for Mexico, the leftist presidential favourite said on Tuesday, while keeping his cool under attack from rivals in the last televised debate before the July 1 election. Asked what he would do if talks failed to renegotiate the deal that underpinned the vast majority of Mexico’s trade, frontrunner Andres Manuel Lopez Obrador said he would redirect the economy towards the internal market and revive the rural economy. "I am going to suggest that the treaty remains, but the end of Nafta cannot be fatal for Mexicans. Our country has a lot of natural resources, a lot of wealth," he said in round-table discussions between the four candidates in the city of Merida. Drawn-out negotiations called by Donald Trump with Canada and the US to modernise Nafta have reached a deadlock since the US president imposed steel and aluminium tariffs on the trade partners. With just over two weeks before voters head to the pol...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now