The CEO meeting ran in parallel to talks near Washington aimed at refreshing the 1994 agreement, with Mexico, Canada and businesses united in opposition to a number of radical U.S. proposals they say would damage the North American economy.U.S. President Donald Trump said on Wednesday he would be open to bilateral trade pacts with Mexico or Canada if a deal cannot be reached to substantially revise NAFTA.

“We are all much worse off with a bad agreement than with no (NAFTA),” said Guillermo Vogel, who co-chaired the Mexico City event and is a vice president at Tenaris, a steel company.The meeting, part of a bilateral “CEO dialogue” that meets a couple of times each year, included a closed-door discussion on the NAFTA negotiations addressed by Foreign Minister Luis Videgaray…