Nafta revamp closer as Trump drops 'sunset clause' demand, Mexico says
Nafta revamp closer as Trump drops 'sunset clause' demand, Mexico says
‘It’s going to come out’ says Mexico negotiator
Trump tweets: ‘big Trade Agreement could be happening soon!’
Reuters in Washington
Sat 25 Aug 2018 20.47 EDT
The US has softened its contentious demand for a Nafta “sunset clause”, Mexico’s incoming trade negotiator said on Saturday, potentially eliminating a key obstacle to reaching a deal to revamp the trade pact.
A few hours earlier, Donald Trump tweeted that the US could reach a “big Trade Agreement” with Mexico imminently.
Jesús Seade, chief negotiator for Mexico’s next government, said the new US position would allow a periodic review of the North American Free Trade Agreement without an automatic expiration unless renegotiated every five years.
“It’s going to come out,” Seade told reporters outside the US trade representative’s office. “It’s no longer what the United States was putting first in any way.”
More:
https://www.theguardian.com/us-news/2018/aug/25/nafta-trump-drops-sunset-clause-demand-mexico
LBN:
https://www.democraticunderground.com/10142143704
