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U.S. Expected to Demand Results in NAFTA Talks Next Week
U.S. negotiators want specific proposals from Canada and Mexico next week about how to update the 24-year-old North American Free Trade Agreement, sources tell Bloomberg News.
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U.S. negotiators want specific proposals from Canada and Mexico next week about how to update the 24-year-old North American Free Trade Agreement, sources tell Bloomberg News.
The sixth round of talks will begin on Tuesday in Montreal. All three countries have spent the past few weeks posturing, with Canada resisting key U.S. proposals, Mexico signaling willingness to compromise and the U.S. repeating its threat to exit NAFTA entirely if its measures aren’t accepted.
Negotiations have dragged on for months with little progress. Major sticking points are U.S. proposals that would tighten regional content requirements, require NAFTA to be renegotiated every five years and shake up the process used to handle trade disputes among the three countries.
Canada and Mexico each tell reporters they have “constructive ideas” about revising the pact. Pundits predict plenty of fireworks during next week’s negotiation—and a clearer sense of whether the countries will be able to find common ground.
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