'80% chance' of NAFTA deal by May, Mexico says

April 9, 2018

Officials from the United States and Mexico said Monday that NAFTA talks are progressing well, but not enough to announce a deal in principle in the near future.

Mexico's economy minister said he saw an 80 per cent chance of a new NAFTA deal by the first week of May, and told a TV interviewer that conditions were not right for reaching an agreement this week.

Ildefonso Guajardo said U.S. negotiators were under pressure to strike a new deal by the first week of May to give U.S. Congress members time to discuss a reworked North American Free Trade Agreement, given that the makeup of both chambers will change after U.S. midterm elections in November.

This was excerpted from the 9 April 2018 edition of CBC News.

Topic(s)

Trade Agreements

Information source

Canadian News Channel

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