Senior trade officials from Mexico, Canada, and the United States will be meeting soon for a long discussion on the fate of NAFTA. Ildefonso Guajardo, Economic Minister of Mexico, said that after seven months of debates and discussions, the three countries have entered a concentrated phase. He also said that because of the continuous discussions, his negotiating team is practically living in Washington.
While these discussions are going strong, Mexico struck an amendment deal to update its 17-years old free trade deal with European Union. Guajardo flew to Brussels in the last week to officially close the deal. Chrystia Freeland, foreign affairs minister of Canada, said that the North American Free Trade Agreement negotiators are making great progress, especially rules for cars, which according to her is the heart of the negotiation. On April 23, 2018, Donald Trump, president of the United States, tweeted that Mexico must stop people traveling through their country and into the United States. He may make this as a condition if Mexico wants to keep the deal because the United States won’t accept what is happening.
Not a fair trade deal
Luis Videgaray, foreign affairs minister of Mexico, feels it is unjust for the US to ask for such a deal that forces Mexico to change its immigration policy for an updated trade deal. According to the news report, last week’s discussion was the most intense and broadening after the final official negotiating round in Mexico City that took place in March 2018. Topics that were discussed in the last week include agriculture, automotive rules, and legal and institutional matters.
Enrique Pena Nieto, President of Mexico, traveled to Germany over the weekend to meet Chancellor Angela Merkel to attend an industry show, which Mexico is an official partner of. Pena Nieto is affirmative something good will come out of the NAFTA talks.