By Tyler Durden
Having gone nowhere for the past year of Nafta negotiations, the Trump administration is said to be pushing for the U.S., Canada and Mexico to reach a Nafta deal in principle to be announced at the Summit of the Americas in Peru on April 13-14, Bloomberg reported citing three people familiar.
The US will host Nafta negotiators in Washington this week, where it hopes to achieve a breakthrough on significant remaining differences, Bloomberg said, adding that under the White House push, leaders of the three nations would be able to announce at regional summit that they’ve reached agreement on the broad outlines of an updated Nafta deal, while technical talks could continue to hammer out the finer details and legal text.
While it is unlikely that full deal will be penned, the meetings may make enough progress on issues including automotive rules of origin to host an eighth round of talks with the full negotiating teams in Washington next week.
Goal is also to advance as much as possible toward the Trump administration’s goal of an announcement in Peru
Still, disagreement persists and significant differences remain on issues ranging from automotive content to government procurement, and there is no assurance an agreement, even in …read more