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U.S., Mexico Could Reach NAFTA Deal by End of August

Wednesday, August 1, 2018

(North American Meat Institute)

The U.S. and Mexico last week agreed to accelerate negotiations to revise the North American Free Trade Agreement (NAFTA), setting a goal to conclude talks by the end of August. Negotiations stalled in May because of disagreements over a proposed sunset clause, an investor-state dispute settlement system and automotive rules of origin. The decision by the U.S. and Mexican governments to recommit to NAFTA talks follows a week of meetings between top negotiators from both countries, including U.S. Trade Representative Robert Lighthizer and Mexican Economy Secretary Ildefonso Guajardo. Lighthizer said he expected the U.S. would first reach a deal with Mexico and indicated an agreement with Canada could follow. President Donald Trump earlier this month suggested the U.S. might pursue a bilateral deal with Mexico, which could lead to a trilateral dialogue with Canada, but both Canada and Mexico oppose that plan and instead support the continuation of a three-nation agreement.

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