World Economy

NAFTA Envoys Lay Out Proposals

NAFTA Envoys Lay Out ProposalsNAFTA Envoys Lay Out Proposals

Trade negotiators from Canada, the United States and Mexico presented more proposals for a renewed North American Free Trade Agreement and tried to put behind them threats from US President Donald Trump to pull out of the treaty, Reuters reported. Teams from the three countries kicked off a second round of talks in Mexico City on 25 areas of closed-door discussion, with subjects such as digital commerce and small businesses seen as areas where consensus was possible, officials said. The teams did not debate details, according to officials, but one union leader present said that US Commerce Secretary Wilbur Ross had indicated he favored North American content of more than 70% in autos built in the NAFTA region. Taking up where they left off in Washington talks two weeks ago, the delegations were showing each other proposed language for reworking the accord, without yet seeking to thrash out mutually acceptable compromises, officials present told Reuters.


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