“50-50” odds NAFTA will be terminated – Mexico Institute

12/05/2017 CBS News

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Credit history: Secretaría de Relaciones Exteriores

Mexico’s ambassador to the U.S. Gerónimo Gutiérrez tells CBS News “We’re now about 50-50” odds NAFTA will be terminated. This follows a fifth spherical of renegotiations amid the U.S., Mexico, and Canada that concluded past thirty day period in Mexico Town on the practically 24-12 months-old no cost trade agreement.

U.S. Trade Agent Robert Lighthizer said in a statement Nov. 21: “I continue being worried about the lack of headway. As a result considerably, we have observed no proof that Canada or Mexico are prepared to significantly interact on provisions that will lead to a rebalanced agreement. Absent rebalancing, we will not get to a satisfactory consequence.”

Regardless of the uncertainty of irrespective of whether NAFTA can be successfully renegotiated, Gutiérrez claims above the past 12 months the potential customers and attempts toward a new offer have amplified.

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