As NAFTA ministers meet, Mexico eyes new deal by next week

Published 2018-04-24, 10:41 a/m
© Reuters.  As NAFTA ministers meet, Mexico eyes new deal by next week

MEXICO CITY, April 24 (Reuters) - Ministers from the United States, Canada and Mexico meeting in Washington could agree on a revised North American Free Trade Agreement in the next 10 days, a Mexican business leader said on Tuesday.

Negotiators have said a new NAFTA could be possible by early May, and officials hailed progress on the key issue of new automotive sector rules last week.

"In the coming 10 days we can really have a new agreement in principle," said Moises Kalach, head of the international negotiating arm of the CCE business lobby, which represents the Mexican private sector at the NAFTA talks.

Even so, differences remain on U.S. demands to change dispute resolution mechanisms and other issues.

"As soon as there is political will from the American government to go for a final deal, I think we can close this," Kalach told local radio.

Canadian Foreign Minister Chrystia Freeland, Mexican Economy Minister Ildefonso Guajardo and U.S. Trade Representative Robert Lighthizer were to meet on Tuesday in Washington.

"We've had all our (negotiating) teams in Washington for two weeks and we will continue working all this week, the weekend and into next week," said Kalach.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.