Mexico wants NAFTA negotiations wrapped up before 2018 elections

By Elliot Bullman

U.S., Mexican and Canadian officials have agreed to an aggressive timetable to renegotiate the North American Free Trade Agreement (NAFTA), sources said, aiming to conclude early next year to avoid Mexico’s 2018 presidential elections.

ready nafta

The plan is to hold seven rounds of talks at three-week intervals. Described by one Mexican official as a "very aggressive calendar," the sources said the goal was to conclude the talks before the electoral campaign gets into full swing.

The first round of talks to upgrade the accord underpinning over a trillion dollars of trilateral trade between the United States, Mexico and Canada is due to take place in Washington from Aug. 16-20.

ready nafta 3.JPG

U.S.administration officials said Mexico had asked for the negotiations to be completed by the end of the year before the Mexican presidential election heats up.

Lighthizer has said he hopes the negotiations could be wrapped up by the end of the year, while noting that he was not prepared to set a deadline for the talks.

ready nafta 4.JPG

Lighthizer, who by U.S. rules is the chief NAFTA negotiator, said in June that completing the negotiations by the year end was a "very, very quick time frame and we're not going to have a bad agreement to save time."

U.S. officials caution that if things go badly on the trade front, Mexico would gain leverage on immigration. It has been praised by U.S. officials for curbing the flow of Central American immigrants through Mexico, but it could decide to reduce its border enforcement.

ready nafta 2

RELATED NEWS

  • Yahoo says all 3 billion accounts hacked in 2013 data theftYahoo says all 3 billion accounts hacked in 2013 data theft
  • Three European airlines have folded since August.Three European airlines have folded since August.
  • Opening date set for new Mayan theme park in CancunOpening date set for new Mayan theme park in Cancun
  • Investment of $5.3bn announced for 3 Special Enterprise ZonesInvestment of $5.3bn announced for 3 Special Enterprise Zones
  • Steelmakers announce big spending plansSteelmakers announce big spending plans
  • Mexico national team extends TV deal with Televisa and TV AztecaMexico national team extends TV deal with Televisa and TV Azteca
  • US and Canada Round on Mexico in the latest NAFTA talksUS and Canada Round on Mexico in the latest NAFTA talks
  • Stolen funds could pay for Mexico´s colossal earthquake damageStolen funds could pay for Mexico´s colossal earthquake damage
  • Mexico eyes record Year for IPOsMexico eyes record Year for IPOs
  • US Sports stars round on US presidentUS Sports stars round on US president
  • At least 16 nations rally to Mexico’s aidAt least 16 nations rally to Mexico’s aid
  • Political parties will donate electoral budget to earthquake victimsPolitical parties will donate electoral budget to earthquake victims
WATCH LIVE TV



Most Read Articles
Most Watched Videos
  • Generations Riviera Maya
  • Mayair

Language

Mexico News Network
All rights Reserved 2017