Mexico's Madrazo: NAFTA negotiations on the right track

Mexican Finance Ministry Chief Economist Luis Madrazo

• Sees better outlook for 2017 after Q1 GDP data
• Sees less risk of a slowdown in Q2, Q3 due to strength of factory exports
• Says last week's letter to US congress from Trump administration on NAFTA talks sends "clear, credible signal that we are on the right track with trade negotiations"
• Sees less risk to Mexico economy from US policy and that should be positive for Mexico's credit rating

Madrazo speaking with Reuters in a telephone interview.