Mexico sees trade deals in TPP leftovers, flags China opportunityMEXICO CITY (Reuters) - Mexico said on Tuesday the Trans-Pacific Partnership (TPP) could form the basis for bilateral trade deals between signatories, and saw a bigger role for China on world trade after U.S. President-elect Donald Trump vowed to withdraw from the accord. On Monday, Trump set out plans for his first day in office, including withdrawing from TPP. He called it a “potential disaster” for the United States, which he argues has lost thousands of manufacturing jobs due to poor trade policy. Mexico’s Economy Minister Ildefonso Guajardo, who has just returned from meetings with policymakers at the Asia-Pacific Economic Cooperation (APEC) summit in Lima, said if Washington stepped back from free trade, it would open the door to China. “If one power exits a space, you can bet another will step in,” he told reporters at an event in Mexico City. Chinese President Xi Jinping also attended the APEC meeting, where he told the world “here we are” on free trade and pledged to keep opening its economy to other countries, Guajardo said. Mexico has said it wants to press ahead with TPP regardless of whether the United States ratifies the 12 nation accord signed in February, though Guajardo said the existing agreement could form the basis for bilateral deals. The minister also said Mexico could weigh the merits of the China-backed Regional Comprehensive Economic Partnership (RCEP), a rival pact that excludes the United States. “Mexico has to have a means of integrating itself with the Asia-Pacific (region),” Guajardo said. Trump has also threatened to ditch the North American Free Trade Agreement (NAFTA) between Mexico, United States and Canada, raising pressure on Mexico to reduce dependency on the United States, where it sends 80 percent of its goods exports. Latin America’s second biggest economy runs a sizeable trade deficit with Asia’s main trading nations, especially China. However, the government could face resistance from Mexican manufacturers to opening up to China, as the two countries compete directly in many sectors to export to the United States. politicsNews
mexico sees trade deals tpp leftover flags china opportunitymexico city reuters mexico said tuesday partnership tpp could form basis bilateral trade deals signatories saw bigger role china world trade donald trump vowed withdraw accord on monday trump set plans first day office including withdrawing tpp he called potential disaster united states argues lost thousands manufacturing jobs due poor trade policy mexico economy minister ildefonso guajardo returned meetings policymakers economic cooperation spec summit lima said washington stepped back free trade would open door china if one power exits space bet another step told reporters event mexico city chinese president xi winning also attended spec meeting told world free trade pledged keep opening economy countries guajardo said mexico said wants press ahead tpp regardless whether united states ratified nation accord signed february though guajardo said existing agreement could form basis bilateral deals the minister also said mexico could weigh merits regional comprehensive economic partnership rep rival pact excludes united states mexico means integrating region guajardo said trump also threatened ditch north american free trade agreement bafta mexico united states canada raising pressure mexico reduce dependency united states sends percent goods exports latin america second biggest economy runs sizeable trade deficit asia main trading nations especially china however government could face resistance mexican manufacturers opening china two countries compete directly many sectors export united states politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Mexico sees trade deals in TPP leftovers, flags China opportunityMEXICO CITY (Reuters) - Mexico said on Tuesday the Trans-Pacific Partnership (TPP) could form the basis for bilateral trade deals between signatories, and saw a bigger role for China on world trade after U.S. President-elect Donald Trump vowed to withdraw from the accord. On Monday, Trump set out plans for his first day in office, including withdrawing from TPP. He called it a “potential disaster” for the United States, which he argues has lost thousands of manufacturing jobs due to poor trade policy. Mexico’s Economy Minister Ildefonso Guajardo, who has just returned from meetings with policymakers at the Asia-Pacific Economic Cooperation (APEC) summit in Lima, said if Washington stepped back from free trade, it would open the door to China. “If one power exits a space, you can bet another will step in,” he told reporters at an event in Mexico City. Chinese President Xi Jinping also attended the APEC meeting, where he told the world “here we are” on free trade and pledged to keep opening its economy to other countries, Guajardo said. Mexico has said it wants to press ahead with TPP regardless of whether the United States ratifies the 12 nation accord signed in February, though Guajardo said the existing agreement could form the basis for bilateral deals. The minister also said Mexico could weigh the merits of the China-backed Regional Comprehensive Economic Partnership (RCEP), a rival pact that excludes the United States. “Mexico has to have a means of integrating itself with the Asia-Pacific (region),” Guajardo said. Trump has also threatened to ditch the North American Free Trade Agreement (NAFTA) between Mexico, United States and Canada, raising pressure on Mexico to reduce dependency on the United States, where it sends 80 percent of its goods exports. Latin America’s second biggest economy runs a sizeable trade deficit with Asia’s main trading nations, especially China. However, the government could face resistance from Mexican manufacturers to opening up to China, as the two countries compete directly in many sectors to export to the United States. politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: mexico sees trade deals tpp leftover flags china opportunitymexico city reuters mexico said tuesday partnership tpp could form basis bilateral trade deals signatories saw bigger role china world trade donald trump vowed withdraw accord on monday trump set plans first day office including withdrawing tpp he called potential disaster united states argues lost thousands manufacturing jobs due poor trade policy mexico economy minister ildefonso guajardo returned meetings policymakers economic cooperation spec summit lima said washington stepped back free trade would open door china if one power exits space bet another step told reporters event mexico city chinese president xi winning also attended spec meeting told world free trade pledged keep opening economy countries guajardo said mexico said wants press ahead tpp regardless whether united states ratified nation accord signed february though guajardo said existing agreement could form basis bilateral deals the minister also said mexico could weigh merits regional comprehensive economic partnership rep rival pact excludes united states mexico means integrating region guajardo said trump also threatened ditch north american free trade agreement bafta mexico united states canada raising pressure mexico reduce dependency united states sends percent goods exports latin america second biggest economy runs sizeable trade deficit asia main trading nations especially china however government could face resistance mexican manufacturers opening china two countries compete directly many sectors export united states politicsnews