NAFTA

Factbox: Major points of friction as NAFTA talks sour

Factbox: Major points of friction as NAFTA talks sour

Published 13/10/2017

U.S. demands for more favorable treatment under the North American Free Trade Agreement, and a proposal that any new deal be allowed to expire after five years, heightened tensions as negotiators held another round of talks to renew the pact this week. [more…]

Prime Minister Trudeau says Canada will not abandon NAFTA talks

Prime Minister Trudeau says Canada will not abandon NAFTA talks

Published 13/10/2017

Prime Minister Justin Trudeau said on Thursday Canada will not walk away from talks to rehash the North American Free Trade Agreement (NAFTA) despite a U.S. proposal to include a clause that could terminate the pact in five years. [more…]

Canada, Mexico vow to stick with NAFTA talks, Mexico works on Plan B

Canada, Mexico vow to stick with NAFTA talks, Mexico works on Plan B

Published 13/10/2017

The leaders of Mexico and Canada on Thursday pledged to work toward a renegotiation of the North American Free Trade Agreement (NAFTA) even as talks taking place in the United States turned sour due to hard-line U.S. demands. [more…]

U.S. hikes tensions in NAFTA talks with call for `sunset clause`

U.S. hikes tensions in NAFTA talks with call for `sunset clause`

Published 13/10/2017

Washington has dramatically increased tensions in talks to renew the North American Free Trade Agreement by proposing that the lifespan of any new deal be limited to five years, people familiar with the negotiations said on Thursday. [more…]

Shaky NAFTA deal threatens Navistar`s Mexico-made exports to world

Shaky NAFTA deal threatens Navistar`s Mexico-made exports to world

Published 09/10/2017

Less than half the trucks exported from Navistar's mammoth Escobedo plant in Mexico are sold in North America but the factory's success remains tightly tied to the uncertain future of the region's NAFTA free trade deal. [more…]

Mexico breaks world record with 3-tonne guacamole

Mexico breaks world record with 3-tonne guacamole

Published 04/09/2017

The recipe for a record-breaking guacamole? 25,000 avocados and 1,000 people to mash them. [more…]

Trump renews threat to scrap NAFTA going into next round of talks

Trump renews threat to scrap NAFTA going into next round of talks

Published 27/08/2017

U.S. President Donald Trump renewed his threat to scrap NAFTA and ripped on trading partners Canada and Mexico in a tweet early on Sunday, days before the three countries were scheduled to hold a second round of negotiations on rewriting the 23-year-old agreement. [more…]

Trump`s NAFTA autos goals to collide with industry as talks start

Trump`s NAFTA autos goals to collide with industry as talks start

Published 14/08/2017

The Trump administration has set a collision course with the auto industry as it launches renegotiations of the 23-year-old NAFTA trade pact this week, aiming to shrink a growing trade deficit with Mexico and tighten the rules of origin for cars and parts. [more…]

Trump tells Canada, Mexico, he won`t terminate NAFTA treaty yet: White House

Trump tells Canada, Mexico, he won`t terminate NAFTA treaty yet: White House

Published 27/04/2017

Canadian Prime Minister Justin Trudeau (L) walks down the West Wing colonnade with U.S. President Donald Trump at the White House in Washington, U.S., February 13, 2017. REUTERS/Kevin Lamarque

U.S. President Donald Trump told the leaders of Canada and Mexico on Wednesday that he will not terminate the NAFTA treaty at this stage, but will move quickly to begin renegotiating it with them, a White House statement said.

[more…]

U.S. Chamber of Commerce chief expects basic NAFTA deal by mid-2018

U.S. Chamber of Commerce chief expects basic NAFTA deal by mid-2018

Published 24/04/2017

Tom Donohue, President of U.S. chamber of Commerce, gestures during an interview with Reuters in Mexico City, Mexico April 23, 2017. REUTERS/Carlos Jasso

The United States, Mexico and Canada are likely to reach a basic accord over reworking the North American Free Trade Agreement (NAFTA) by the middle of next year, the head of the biggest U.S. business lobby group said on Sunday.

[more…]