NAFTA officials put top-level talks on hold until May 7

April 27, 2018

Top-level U.S., Canadian and Mexican negotiators trying to hammer out a quick deal to update NAFTA will take a break until May 7, officials said on Friday, as work to resolve major differences including auto content rules continues.

The pause underlined how much work remains to be done on the North American Free Trade Agreement despite pressure from Washington to nail down a deal.

The Trump administration has threatened to impose sanctions on Canadian and Mexican steel and aluminum on May 1 if it deems that not enough progress has been made in the NAFTA talks.

“We ministers will be meeting again on Monday the 7th,” Mexican Economy Minister Ildefonso Guajardo told reporters after a fourth straight day of top-level talks in Washington.

This was excerpted from the 27 April 2018 edition of Reuters Canada.

Topic(s)

Trade Agreements

Information source

Canadian News Channel

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