Trade Talk: NAFTA Rewrite?

NAFTA signing

Trade Talk: NAFTA Rewrite?

The NAFTA signing ceremony in San Antonio, Texas, on Oct. 7, 1992. Pat Sullivan/THE ASSOCIATED PRESS

 

UPDATED October 17, 2017 3:54pmET


Fourth-round negotiations have ended between Canada, Mexico, and the United States to adjust the North American Free Trade Agreement, with no deal reached yet.

From the official statement:

Parties have now put forward substantially all initial text proposals.  New proposals have created challenges and Ministers discussed the significant conceptual gaps among the Parties. Ministers have called upon all negotiators to explore creative ways to bridge these gaps. To that end, the Parties plan on having a longer intersessional period before the next negotiating round to assess all proposals.

A fifth round is now scheduled for Mexico City from Nov. 17 to 21.

With U.S. Trade Representative Robert Lighthizer voicing concern that American demands weren’t being accepted, even citing a “resistance to change” from Canada and Mexico, Canadian Foreign Affairs Minister Chrystia Freeland defended her government’s approach:

More on NAFTA:

 

-Andrew Thomson