General Electric backs NAFTA and plans growth in MexicoStaff Writer | May 15, 2017
General Electric CEO Jeff Immelt praised Mexico as a big part of its future growth 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.
Trade Immelt visited Mexico
Immelt, on a visit to Mexico, did not mention GE's interest in ramping up purchases in Mexico in a speech in the northern city of Monterrey, but he said Mexico was a big part of the company's future growth plans.
"We're optimistic about Mexico," Immelt told Mexican officials at the inauguration of an expansion of GE's operations in Monterrey. "We're very supportive of NAFTA."
Earlier this month, Immelt warned the Trump administration to avoid protectionist policies, while calling on it to level the playing field for U.S. companies with tax reform, revived export financing and improved trade agreements. ■