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Posts Tagged ‘NAFTA renegotiation’

No Change to NAFTA Rule of Origin, Mexico Auto Exec Says

Trump readying for trade deal negotiations.

by on May.23, 2017

The Big Three automakers would like NAFTA to remain status quo; however, the Trump Administration is renegotiating the deal this summer.

Trump Administration officials recently began the official process to open talks about renegotiating the North American Free Trade Agreement and they’re going to find the auto industries officially agree on at least one point.

The auto industries in the U.S., Mexico and Canada all believe there shouldn’t be any changes to the rules of origin, Eduardo Solis, president of the Mexican automakers industry group AMIA, told Reuters.

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“Our position is that the trade agreement has been a success, and we shouldn’t be touching something as important as the rules of origin,” Solis told Reuters. (more…)

Trump Administration Begins Process of Renegotiating NAFTA

Talks will begin in August.

by on May.19, 2017

The Big Three automakers would like NAFTA to remain status quo; however, the Trump Administration is renegotiating the deal this summer.

The Trump Administration has begun the formal process required to open the renegotiation of the North American Free Trade Agreement this coming summer.

President Trump notified Congress this week of his intent to renegotiate the North American Free Trade Agreement. The talks with Canada and Mexico will begin “no earlier than August 16, 2017,” U.S. Trade Representative Robert Lighthizer said in a letter to Congress.

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During the 90-day countdown, USTR will consult with “Congress and American stakeholders to create an agreement that advances the interests of America’s workers, farmers, ranchers and businesses,” he said. (more…)