US, Mexico near NAFTA agreement

28 August, 2018, 13:41 | Author: Gerard Cortez
  • The Mexican peso is jumping on hope for NAFTA progress

"I would say that we're practically in the final hours of this negotiation", he told reporters as he entered talks at the offices of U.S. Trade Representative (USTR) Robert Lighthizer.

US-Mexico relations are at their most strained in recent memory - and Mexico's newly elected president could ratchet up the acrimony.

Canada's top diplomat and chief NAFTA negotiator, Chrystia Freeland, said Wednesday she was encouraged by the progress and would rejoin the talks once Washington and Mexico City finish their bilateral discussions.

After the talks broke for lunch a couple of hours later, Guajardo said he could not declare victory yet.

Talks will resume at 9am (1300 GMT) Monday, Guajardo said.

Seade also said on Saturday that a "correct focus" on NAFTA's energy chapter has already been substantially agreed.

The sunset issue is one of the biggest remaining obstacles to a Nafta deal as negotiators race to try to land a new Nafta agreement in principle by the end of August.

Meanwhile, Trump said on Saturday that Washington could reach agreement with Mexico "soon" as the chief trade negotiator of Mexico's incoming president signaled possible solutions to energy rules and a contentious United States "sunset clause" demand.

This agreement reached in 1994 was renegotiated more than a year ago under pressure of Trump, who called it "the worst trade deal in history" in his first presidential debate.

Alex Iwobi enjoying Arsenal life under Unai Emery
Namely, he believes Emery does not have the right players if he wants Arsenal to press like some of their top six rivals. Two games in and the Gunners are yet to secure a point in the league following defeats to Manchester City and Chelsea .

The administrations of Trump and outgoing Mexican President Enrique Pena Nieto have been working for five weeks to resolve specific issues so Canada can rejoin the talks. Trump emphasised the collaboration with the current and incoming Mexican administrations.

The negotiations "are well advanced", he told reporters, but "we are not there yet".

The threat of the 232 auto tariffs, which are widely opposed by US and worldwide carmakers such as GM, Ford, Toyota and BMW, has been seen as an attempt by the build leverage in the Nafta talks. They include the US proposal that NAFTA include a five-year sunset clause, which has been flatly rejected by the Trudeau Liberals.

"For some time now, he (Trump) has been very prudent in referring to Mexicans, or he hasn't said offensive things", Lopez Obrador said Friday.

A Canadian official declined to comment and referred back to remarks from Prime Minister Justin Trudeau, who said last week he was encouraged by optimism coming from the USA and Mexico but won't sign just any deal.

He's spoken of better relations with America's neighbour following the rise of Mexican President-elect Andres Manuel Lopez Obrador (ahn-DRAYS' mahn-WEHL' LOH'-pez OH'-brah-dohr).

However, one major stumbling block involving all three countries is the United States demand for a so-called "sunset clause", which would oblige the three countries to renew the trade pact every five years.

Lopez Obrador, who will take office on December 1, took a break from his routine of meetings on Thursday and posted a video of himself on a baseball field, where took a turn at bat and connected solidly on about a half-dozen pitches.



Veteran groups tell Trump to lower flag to half-staff to honor McCain
Instead, the family reportedly requested that former Presidents Barack Obama and George W. Capitol remained at half-staff on Monday to honor the Arizona Republican.

Trump Organization executive Allen Weisselberg receives immunity deal
Such payments could be considered illegal campaign contributions under federal election law, according to experts. Weisselberg has worked for the Trump family for more than four decades, including as treasurer for the Donald J.

Meghan Markle’s Half-Brother Blames Prince Harry For Family Drama
Should the Palace have nipped this in the bud long ago? He explained: "I don't think he deserves that kind of treatment from her". But when she couldn't give him the time he needed or wanted to spend with her, he got upset about that.

Your next Pixel phone will feature wireless charging
Much of what we see here is improvement on the Pixel 2 XL model, not a re-thinking of what a Pixel is at its core (or even edges). Due to the sketchiness of it, 9to5Google originally wondered whether the seller may have simply been scamming potential buyers.

Antioch KMART to Close in November
The struggling chain informed workers at the impacted stores this week, and liquidation sales will begin as early as August 30. Sears has steadily shed properties in recent years, but the pace quickened in 2017, when it closed at least 175 stores.

Putin deplores USA sanctions, but lauds Trump meeting
Putin also reiterated on Wednesday that his meeting with US President Donald Trump in July was "useful". Three other fake sites were created to look as if they belonged to the U.S.

Madonna's self-indulgent tribute to Aretha Franklin gets criticised by fans
Another wrote, " Madonna's apparent effort to memorialize Aretha Franklin: "But enough about me, let's talk". Franklin, 76 at the time of her death, passed away last Thursday following a battle with pancreatic cancer.

South Koreans cross inter-Korean border for family reunion
The series of brief meetings reflect a thaw in diplomatic tensions between the governments of the two Koreas. Dozens of Korean families separated during the Korean War were finally reunited after decades apart.

Trump Call For SEC To Study Reporting Rules Sparks Debate
Publicly traded companies in the United States now file their earnings reports every three months, or four times a year. But scrapping quarterly reporting is not now on the SEC's near-term agenda, according to public records.

Man United Manager Makes Huge Announcement: Setback For Pogba
Only four teams managed to win at Brighton last season and it will be a hard place to play this season, too. At the Amex, the reason why he felt so let down by executive vice-chairman Ed Woodward was laid bare.