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NAFTA Talks Get Another Extension
Trade talks between the U.S. and Mexico are expected to spill into next week over lingering issues about updating the North American Free Trade Agreement.
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Trade talks between the U.S. and Mexico are expected to spill into next week over lingering issues about updating the North American Free Trade Agreement.
Mexican Economy Minister Ildefonso Guijardo tells reporters his country won’t consider any deal complete until Canada, the third party in the current pact, also agrees.
Bloomberg News says remaining unresolved U.S. proposals include a clause that would require a review of a revised NAFTA in five years, a new dispute settlement mechanism and rules for government procurement. The news service says Mexico and the U.S. apparently resolved a U.S. demand for tougher local content rules.
Negotiators are trying to finalize a deal before Mexico’s new president, Andres Manuel Lopez Obrador, takes office at the end of the year. But Canadian Prime Minister Justin Trudeau cautions that Canada will back an agreement only if it’s a “good deal for Canadians.”
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