Canada may be sitting out on the North America Free Trade Agreement (NAFTA) talks, for now. However, Canadian officials say they are “perfectly happy” doing so, because “they have a number of issues to discuss that Canada does not need to sit in on,” according to Politico. That includes auto rules in the agreement, a contentious issue between the U.S. …
U.S., Mexico, Leaving Canada behind in NAFTA Talks
The United States and Mexico are progressing on the North American Free Trade Agreement re-negotiations, leaving Canada behind, for now. Top trade officials from Mexico are in the U.S. this week after optimism showed through last week with a potential agreement on automotive rules as part of NAFTA, according to Politico, which notes progress on the contentious issue bodes well …
NAFTA Renegotiation Showing Signs of Progress
The U.S. and Mexico are nearing an agreement on the trade of automobiles as part of the North American Free Trade Agreement (NAFTA) renegotiation effort. Politico reports the U.S. and Mexico are in the “final stages” of reaching a deal on the automotive rules of origin section of NAFTA, key to completing the renegotiation. A team of negotiators is in …
Lighthizer Testimony: NAFTA Deal Possible in August
During congressional testimony on Thursday, U.S. Trade Representative Robert Lighthizer told lawmakers that it’s entirely possible that the three North American Free Trade Agreement (NAFTA) members will reach a deal in August. Lighthizer says that would meet the Mexican objective of having current President Enrique Pena Nieto sign the deal before he leaves office in December. Bloomberg says U.S. trade …
NAFTA Back in the Spotlight
The Mexican negotiating team is back in Washington to continue the North American Free Trade Agreement (NAFTA) renegotiation after talks among the U.S., Mexico, and Canada stalled two months ago. The Mexican Economy Minister will meet with U.S. Trade Representative Robert Lighthizer for the first time since the Mexican presidential election on July first to formally restart the talks. A …
Mexico and Canada Want NAFTA Conclusion This Year
Mexico and Canada want to wrap up the renegotiation of the North American Free Trade Agreement this year, according to the Hagstrom Report. While in Washington, D.C. this week, The Mexican ambassador to the United States says the incoming Mexican president wants NAFTA to “be completed before he takes office on December 1.” An official from Canada said the nation …
Trump: No Hurry to Settle NAFTA
President Donald Trump told Fox News he’s not going to rush into a new North American Free Trade Agreement (NAFTA). He thinks the U.S. can get a better deal by waiting until after the dust settles on the midterm elections in the fall. Agriculture groups fall on the other end of the spectrum, wanting a deal done as quickly as …
Perdue Hopeful NAFTA Agreement with Mexico Coming Soon
Ag Secretary Sonny Perdue is out on another “Back to Our Roots” tour, this time to the Pacific Northwest, as well as Alaska. Perdue says he’s hopeful that a new North American Free Trade Agreement can be reached with Mexico very soon. “We believe we’ve got many of the agreements in principle ready to go there,” he says. Perdue told …
Defending Market Share of U.S. Pork in Mexico
In response to U.S. duties on imports of steel and aluminum, Mexico has imposed a 10 percent retaliatory duty on all chilled and frozen pork cuts imported from the U.S, as well as a 15 percent duty on sausages and a 20 percent duty on some prepared hams. With more on that story, here is U.S. Meat Export Federation’s Joe Schuele. Defending …
Mexico Turning to EU and Others to Replace U.S. Pork Imports
Mexico is turning to the European Union and Latin America to offset any potential declines in U.S. pork imports. Mexico recently announced a 20 percent tariff on U.S. pork shoulders and legs starting next month in response to steel and aluminum tariffs placed on Mexico by the Trump administration. Mexican officials told Politico the nation will allow 350,000 tons of …