Cargill CEO says worst case for NAFTA is ‘torn-up’ pact

NEW YORK (Reuters) – The worst case outcome for ongoing negotiations between the United States, Canada and Mexico to re-work the North American Free Trade Agreement is that the trade pact is “torn up,” Cargill Chief Executive David MacLennan said on Wednesday.

About 10 percent of the company’s revenues are related to NAFTA, MacLennan, the head of the global commodities trader, said on the sidelines of the Bloomberg Global Business Forum in New York.

“We’re tracking them very closely,” MacLennan said of the negotiations, which enter their third round next week. “A significant portion of our corn sweetener business is NAFTA-related.”

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