Posts Tagged ‘North American Free Trade Agreement’

Business Groups Plead with Governments for New NAFTA

Chambers of commerce implore all sides to get deal done.

by on Jan.24, 2018

U.S. Trade Representative Robert Lighthizer is ready for the next round of NAFTA talks in Montreal.

Business groups from Canada, Mexican and the U.S stepped up this week to urge negotiators from all three countries to find common ground to maintain and improve the North American Free Trade Agreement, or NAFTA, even as Trump Administration policies take on a more protectionist hue.

The sixth round of negotiations to update NAFTA is beginning in Montreal the chambers of commerce from all three countries stressed that free trade keeps them prosperous and creating jobs.

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We “urge our respective governments to come to an agreement to an updated NAFTA, and to maintain it for the future economic success of all three nations,” the leaders of 25 metropolitan chambers of commerce said in a statement. (more…)

Ending NAFTA Cripples US Trade, Clinton Aide Says

McLarty encourages auto industry to be "vocal" about its concerns, needs.

by on Jan.18, 2018

U.S. Trade Representative Robert Lighthizer, left, talks with Canada's Chrystia Freelander and Mexico's Ildefonso Guajardo, both right.

Without the North American Free Trade Agreement, the auto industry in the United States, Mexico and Canada would find it difficult to meet the future challenges from manufacturers from Asia and Europe in building the next generation of motor vehicles.

Certainly the current agreement needs to be modernized panelists said during a discussion on NAFTA during the Automotive News World Congress. “It was written even before there was an internet,” said, Thomas “Mack” McLarty, the former aide to President Bill Clinton, who helped guide NAFTA through Congress in 1993.

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McLarty noted that the NAFTA negotiated under President George H.W. Bush and was approved under President Clinton with help of major blocs of votes from both Democrats and Republicans. “This is a tough decision politically. But it is very straight forward in terms economic security,” he said. (more…)

NAFTA Talks Fail to Make Headway as New Year Looms

Mexico and Canada not giving U.S. what it wants.

by on Nov.22, 2017

President Donald Trump has reiterated he has no problem replacing NAFTA with unilateral treaties.

With chances the of failure rising, delegates from the United States, Mexico and Canada have wrapped up another round of talks centered on revising the North American Free Trade Agreement without making any progress on a range of key issues such as automobiles and agriculture.

The negotiations held in Mexico City were aimed at reforming the NAFTA pact enough to head off U.S. President Donald Trump’s threats to scrap it.

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The latest round focused on trade remedies, rules of origin, which are critical to the auto industry, and matters related to agriculture, which represents a key element of any kind of agreement, Mexico’s chief technical negotiator, Kenneth Smith, told reporters.  (more…)

Commerce Secretary Ross Optimistic about NAFTA Talks

President Trump still pushing to kill deal.

by on Oct.12, 2017

President Donald Trump continues to threaten to walk away from NAFTA, but officials are positive the revised deal can be completed.

While President Donald Trump continues to talk about walking away from the North American Free Trade Agreement if necessary, U.S. Commerce Secretary Wilbur Ross says he still expects to reach a deal with Mexico and Canada on revising the existing agreement.

“From time to time (the President) has expressed a total willingness to depart from NAFTA should that become necessary,” Ross, whose personal investment portfolio includes controlling interest a major automotive supplier with factories in Mexico told a panel in Washington D.C., according to

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“We don’t hope it will, we don’t desire that it will, we don’t believe that it will, but it is at least a conceptual possibility as we go forward.” (more…)

Talks to Renegotiate NAFTA Likely to Start in May

Officials expect long, arduous process that may take years.

by on Feb.02, 2017

President-elect Donald Trump's opposition to NAFTA could have unexpected consequences.

Key officials in the government of Mexico say they expect to kick off formal talks on changes to the North American Free Trade Agreement, or NAFTA, beginning in May, following a 90-day consultation with the private sector companies from both sides of the U.S. Mexican border.

The NAFTA talks, however, could have already been scrambled by the release of transcript in which President Donald Trump apparently warned Mexican President Enrique Pena Nieto that he was prepared to use U.S. military forces to find “bad hombres” in Mexico.

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President Trump threatened in a phone call with his Mexican counterpart to send U.S. troops to stop “bad hombres down there” unless the Mexican military does more to control them, according to an excerpt of a transcript of the conversation obtained by the Associated Press. (more…)