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NAFTA Ministers Make Progress, Negotiations Continue this Week

Monday, April 30, 2018

(North American Meat Institute)

U.S. Trade Representative Robert Lighthizer, Mexican Economy Secretary Ildefonso Guajardo and Canadian Foreign Minister Chrystia Freeland during meetings last week in Washington, DC reportedly made progress on key issues to modernize the North American Free Trade Agreement (NAFTA), but fell short of reaching an agreement in principle. Negotiators are nearing deals on NAFTA chapters covering technical barriers to trade, state-owned enterprises, financial services and the environment, according to sources familiar with the talks. Negotiations to finalize the agreement will continue this week and ministers will once again meet May 7. Meanwhile, U.S. tariffs on Canadian and Mexican steel and aluminum imports, which had been linked to the successful completion of NAFTA modernization, take effect tomorrow, May 1, unless the administration grants an additional exemption to both countries.

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