A US-Mexico Nafta deal seems imminent as ‘little’ now separates the two countries
Trade negotiators are close to squaring away bilateral differences on Nafta, with Mexico’s economy minister saying ‘we’ve continued making progress’
Washington — US and Mexican trade negotiators are close to squaring away bilateral differences on the North American Free Trade Agreement (Nafta) and will resume talks on Monday morning, Mexican economy minister Ildefonso Guajardo said on Sunday. Earlier, Guajardo told reporters the two sides were probably "hours" away from reaching a common position, but in the evening he said more work still needed to be done, and that talks would start again on Monday at 9am local time in Washington. "We’ve continued making progress," Guajardo said.
The Mexico-US discussions have focused on crafting new rules for the automotive industry, which US President Donald Trump has put at the heart of his drive to rework the 24-year-old pact he says has been a "disaster" for American workers. Canada has sat out the most recent phase of the year-long discussions, and once it rejoined the talks, the three sides would need to work for at least another week, Guajardo said. Leaving the offices of US trad...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.