NAFTA trade ministers to square off over hard-line U.S. demands

October 17, 2017

Trade ministers from the United States, Canada and Mexico wrap up a contentious round of NAFTA trade talks on Tuesday marked by aggressive U.S. demands that have left the future of the 23-year-old free trade pact in doubt.

The proposals to drastically reshape the North American Free Trade Agreement to help shrink U.S. trade deficits have cast a pall over the modernization talks, leaving some participants and analysts wondering how the NAFTA partners can avoid an impasse.

The U.S. demands, previously identified as red lines by its neighbors, include forcing renegotiations every five years, reserving the lion’s share of automotive manufacturing for the United States and making it easier to pursue import barriers against some Canadian and Mexican goods.

This was excerpted from the 17 October 2017 edition of Reuters Canada.

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel

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