U.S. Trade Rep.: NAFTA Talks May End In August With Updated Deal - FbiCables Network | The News that Shapes World Opinion

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Friday, July 27, 2018

U.S. Trade Rep.: NAFTA Talks May End In August With Updated Deal


U.S. Trade Representative Robert Lighthizer speaks at the 9th China Business Conference at the U.S. Chamber of Commerce in Washington, Tuesday, May 1, 2018. (AP Photo/Cliff Owen)
The U.S. trade representative says an updated NAFTA deal could be agreed upon by late August.
Robert Lighthizer said the three way negotiations with Mexico and Canada could wrap-up next month, in a congressional hearing Thursday.
Lighthizer suggested outgoing Mexican president Pena Nieto may want to end his term with a successful NAFTA deal before leaving office on December 1.
Canada and Mexico have achieved some progress in bilateral consultations on NAFTA earlier this week.
Lighthizer pointed out… there are only a few sticking points remaining in the NAFTA talks.
“My hope is that we will before very long have a conclusion with respect to Mexico, and that as a result Canada will come in and begin to compromise. I don’t believe they’ve compromised in the same way the U.S. or Mexico has.
You’re probably looking at having some kind of a conclusion during the course of August.”
Lighthizer also upheld President Trump’s proposal of striking two separate bilateral trade deals with Canada and Mexico if the NAFTA talks eventually fall through.

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