The Trump Administration is working against the clock to get the North American Free Trade Agreement (NAFTA) negotiations done in time for a vote during this year’s December session of Congress. If the Administration wants a vote this year, the deadline is this Thursday, May 17. Politico says Speaker of the House Paul Ryan’s deadline makes it uncertain whether or …
NAFTA Talks Continue This Week
The Renegotiation effort of the North American Free Trade Agreement (NAFTA) continues this week with all sides eager to finish the talks. Representatives from the United States, Canada and Mexico are pushing to finalize an updated agreement this week. However, as Bloomberg reports, several contentious issues remain unresolved as the talks have stretched over more than eight months, including dairy. …
Lighthizer: NAFTA Deal Needed within the Next Few Weeks
U.S. Trade Representative Robert Lighthizer this week said a North American Free Trade Agreement deal must be reached “within a week or two” of the next meeting of trade negotiators. Officials from the U.S., Canada and Mexico are scheduled to meet next week again to hammer out remaining details in the renegotiation effort. Lighthizer says negotiators must reach an agreement …
NAFTA Negotiations Continue Next Week
Negotiations for revamping the North American Free Trade Agreement (NAFTA) will continue next week as all sides remain hopeful to reach a deal this month. Top-level talks, according to reports, will continue after a U.S. trade delegation returns from China. U.S. officials and negotiators from Canada and Mexico have been eying an early May finish line, and in mid-April, Vice …
New TPP Moving Forward
The Trans-Pacific Partnership (TPP) continues to move forward without the United States. Mexico last week ratified the new TPP agreement, now called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Mexico’s Senate voted 73-24 to approve the agreement which will go into effect when six of the 11 nations approve the deal. President Trump earlier this month directed U.S. Trade …
Trump Says NAFTA Talks Are “Doing Nicely”
President Donald Trump says this week that the North American Free Trade Agreement talks are “moving along nicely.” Bloomberg says trade ministers from Mexico, Canada, and the U.S. are meeting in Washington, D.C., and pushing to finish an agreement by early May. During a meeting with the president of France, Trump said, “NAFTA, as you know, is moving along. I …
NAFTA Ministers Back in Washington D.C. After Short Turnaround
U.S. Trade Representative Robert Lighthizer and his two counterparts in the North American Free Trade Agreement (NAFTA) negotiations are back at it in Washington, D.C. This marks a quick turnaround for the Mexican Economy Secretary and Canadian Foreign Minister, who were just in Washington last week for a meeting that both countries described as “productive.” Negotiators stayed in D.C. over …
Mexico/European Union Reach Trade Deal
The European Commission announced over the weekend that the European Union and Mexico had reached a free trade deal. A CNN Money report says the deal virtually eliminates tariffs on “practically all goods” traded between EU members and Mexico. The EU and Mexico said last year they would upgrade their trade talks to update the agreement they signed back in …
Comprehensive New NAFTA Coming Soon
Negotiators from Mexico, the U.S., and Canada are still pushing hard to get a “comprehensive” new North American Free Trade Agreement (NAFTA) in place. Politico says negotiators from the three NAFTA countries have been meeting regularly in recent weeks, hoping for breakthroughs on some of the toughest issues yet to deal with. Those remaining issues include auto rules of origin, …
Pence: “Very Close” to Renegotiated NAFTA
Vice President Mike Pence said over the weekend he is “very hopeful” the U.S. is close to a renegotiated North American Free Trade Agreement. Talks to reach an agreement continue this week in Washington, D.C., as all sides are eyeing an early May finish line. Pence spoke at the Summit of the Americas in Peru over the weekend. He told …