The politicians overseeing the renegotiation of NAFTA won't be meeting face to face at the end of this round of talks, unlike the previous four rounds of discussions.
Brazilian Finance Minister Henrique Meirelles said on Thursday “there’s a very good chance” that the country’s proposed pension reform bill will be approved by the end of the year. Addressing a question-and-answer session at an Institute for International Finance meeting in Washington Meirelles said that it would be simpler to pass the bill this year than next year because of political challenges that could come with Brazil’s upcoming presidential election in October 2018.
The top U.S. negotiator at talks to modernize the NAFTA trade pact dismissed questions about why his team had so far failed to produce specific proposals on key issues, saying “I don’t see a problem.” Officials from the United States, Mexico and Canada are in Ottawa for the third of seven planned rounds of talks.
Mexico will not renegotiate the North American Free Trade Agreement or any other aspect of its relationship with the United States via social media or the press, the Mexican government declared Sunday.
Canada signaled Monday that it would not give much, if any, ground on the benefits it provides to domestic industries when it joins the U.S. and Mexico to begin renegotiations on the North American Free Trade Agreement this week. A key issue for the U.S. is getting Canada to stop policies that boost its dairy, poultry, and timber industries.
United States, Mexican and Canadian officials have agreed to an aggressive timetable to renegotiate the North American Free Trade Agreement (NAFTA), sources said, aiming to conclude early next year to avoid Mexico’s 2018 presidential elections.
The Donald Trump administration took the first step toward renegotiating the North American Free Trade Agreement, plunging into a battle that pits some Republicans and industry supporters of the pact against Democrats and some of the president's most ardent backers.
President Trump told reporters Thursday he had been planning to terminate the North American Free Trade Agreement within days, but decided to try to renegotiate the agreement instead. The president held out the possibility of killing the trade deal later if the negotiations fail.
A move announced recently by Mexican diplomats may be a precursor of what could be happening in the coming months with the trading of major commodities involving the country’s trade war talks with the U.S.
Mexican Foreign Minister Luis Videgaray said that if North American Free Trade Agreement negotiations don't benefit all parties involved, the country is willing to “step away” from it. In an interview with Bloomberg, he said pulling out of NAFTA would be a last resort.