Economy Minister Ildefonso Guajardo said Mexico is willing to review the North American Free Trade Agreement every five years, accepting part of a U.S. proposal, while insisting that there must not be any clause that would lead to automatic termination of the deal.

The Mexican counter-offer comes after U.S. President Donald Trump's administration proposed a sunset clause, under which NAFTA would end after five years unless the parties can agree to extend it. Guajardo told Mexico's Radio Formula on Wednesday that the clause is unnecessary because the nations already have the ability to withdraw by giving six months' notice.

“We're going to bring a proposal that every five years we evaluate what has been happening with an agenda of analysis of what effects our agreement has had, and based on this each country can decide what they want to do going forward,” Guajardo said. “But it wouldn't have the impact of a sudden death, because this would send a bad signal to investors.”