Mexico and the United States reach an understanding on the main issues of NAFTA

Mexico, Aug. 27 (Notimex).- Mexico and the United States reached an understanding today on the main issues of importance for both countries in the bilateral negotiations on the North American Free Trade Agreement (NAFTA).

The Presidency of the Republic emphasized that the presidents of Mexico, Enrique Peña Nieto, and of the United States, Donald Trump, agreed during a telephone call, on the importance of the understandings achieved, and celebrated that they will promote employment, competitiveness and trade in the region.

After receiving a report from their teams, both leaders talked about the progress of the negotiations of this trade agreement, and expressed their interest in Canada rejoining the process to review bilateral issues with the two countries, in order to conclude a trilateral negotiation this week.

As part of the conversation, President Peña Nieto reiterated the importance of Canada’s participation in the North American Free Trade Agreement, as he endorsed it on Sunday night to Prime Minister Justin Trudeau in a telephone call.

The understandings reached regarding the NAFTA between Mexico and the United States are the result of a successful negotiation, which reflects a balance between the interests of both countries and provides certainty to economic agents, the Presidency of the Republic said in a statement.

As of July, members of the transition team of the government of the president-elect, Andrés Manuel López Obrador, who have played a constructive role, joined the negotiations as observers, he said.

Source: NOTIMEX



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