U.S. and Mexico NAFTA Talks Continue
Mexico Economy Minister Ildefonso Guajardo is in Washington, D.C., this week to meet with U.S. Trade Representative Robert Lighthizer to continue high-level NAFTA talks for the third straight week. Over the past two weeks, the U.S. and Mexico have moved to close an additional 10 chapters of the agreement. This week the focus is on auto rules of origin and the inclusion of a sunset clause. Negotiators are working to achieve an agreement in principle in time for the current Mexican administration to sign an agreement.
President-elect Lopez Obrador takes office in December, and U.S. law requires a strict timeline of congressional notice that would require finalizing negotiations this month if a new agreement is to be approved before the end of year. While recent negotiations show significant progress, several important issues remain unresolved, including seasonal restrictions on agriculture trade.