US and Mexican negotiators will resume talks next week on the update of the North American Free Trade Agreement, Mexico’s Economy Minister Ildefonso Guajardo said on Friday August 10.
At the close of the third consecutive week of discussions in Washington, Guajardo said a deal was still possible by the end of the month.
However, he acknowledged: “We still have a lot of work to do.”
Guajardo stressed that the most difficult issues had been left to the end, including the US demand that NAFTA be approved every five years, a provision known as a sunset clause.
“We are working like we’ve been doing for the last three weeks and making a lot of advancements. We are coming back next week,” he told reporters.
“But as I said before: nothing is closed until everything is closed.”
US President Donald Trump tweeted that a “deal with Mexico is coming along nicely,” emphasizing that “autoworkers and farmers must be taken care of or there will be no deal.”
“New President of Mexico has been an absolute gentleman,” he said, referring to leftist Andres Manuel Lopez Obrador, set to take over later this year.
But he reiterated his threat that tariffs on auto imports could be in store for the US neighbor to the north: “Canada must wait. Their Tariffs and Trade Barriers are far too high. Will tax cars if we can’t make a deal!”
Canada’s foreign minister recently said the country is ready to resume NAFTA talks “as quickly and intensively as possible.”
US and Mexican officials will continue to work on bilateral issues before their Canadian counterparts rejoin the discussions on modernizing the 24-year-old trade deal, Guajardo said Friday.
Trump demanded NAFTA be renegotiated after repeatedly criticizing the 24-year-old pact as a “terrible deal.”
Officials now are rushing to conclude the talks before Mexico’s Lopez Obrador takes office on December 1.
more recommended stories
Gasoline price rises for the second time in 20 days
Gasoline in Mérida is close to.
In the United States, a new era begins today.
The Donald Trump administration has ended..
Out with the old and in with the new (Opinion)
Mexico and The United States of.
Local dog has succesful Heist in Motul
MOTUL (Times Media Mexico).- A dog.
Mexico’s Attorney General Escalates Fight With U.S. Over Former Minister
MEXICO CITY (REUTERS) – Mexican Attorney General.
Mexico registers death toll record of 1,584 casualties in 24 hours
Oxygen thefts mount as Mexico reports.
The Trump era ends with an otherworldly inauguration
There will be no debate over.
Psychoactive substance found in ancient Mayan receptacles
Scientists identify psychoactive substance residues the.
Meet Panchito, the croc who swims with tourists in a Tulum cenote.
Through an Instagram video, you can.
Boat adrift in the Alacranes Reef rescued by State authorities and Navy
A boat that was left adrift,.