Mexican Media Brands
NAFTA Talks to Resume on Feb. 25
A seventh round of talks to revamp the North American Free Trade Agreement will begin outside Mexico City on Feb. 25.
#economics
Share
A seventh round of talks to revamp the North American Free Trade Agreement will begin outside Mexico City on Feb. 25.
The negotiations among Canada, Mexico and the U.S. are beginning one day earlier than previously announced to accommodate the schedules of the top trade representatives from each country, sources tell Bloomberg News. The round is set to run through March 5.
Talks began in August. Negotiators originally hoped to complete a deal by the end of 2017. But progress has been slow on the most critical issues: local content requirements and the process for resolving trade disagreements among the three countries.
President Donald Trump requested the NAFTA review and threatened to abandon the 24-year-old pact if he isn’t pleased with the results. Earlier this week the White House said progress is being made, especially with Mexico. The administration has been less enthusiastic about Canada’s less conciliatory posture.
RELATED CONTENT
-
Global Car Market to Shrink for 2-3 Years
Global sales of light vehicles will decline year on year through at least 2021, predicts LMC Automotive at its annual outlook conference outside Detroit, Mich.
-
Achieving Efficiency?
A look at on-road fuel economy changes over 92 years.
-
Study: Border Tax, NAFTA Exit Would Hurt U.S.
The U.S. auto industry would lose at least 31,000 manufacturing jobs and 450,000 units of annual sales if the U.S. imposes 35% tariffs on cars from Mexico, as President-elect Donald Trump has vowed to do.