NAFTA Clock Is Ticking

The Trump Administration is working against the clock to get the North American Free Trade Agreement negotiations done in time for a vote during this years December session of Congress. If the Administration wants a vote this year, the deadline is this Thursday, May 17. Politico says Speaker of the House Paul Ryans deadline makes it uncertain whether or not the NAFTA nations top trade negotiators will be able to push that new deal across the finish line because a number of unresolved issues are still on the table. Ryan also says the promise of a deal wont do. He wants it on paper from the U.S. Trade Representative by May 17 for a vote this year.

U.S., Canadian, and Mexican trade ministers have been meeting for the last four consecutive days as they try to iron out differences. Much of the recent discussions have centered on the automotive rules of origin issue. Some of the other complicated issues to deal with include the seasonal produce proposal, investor-state dispute settlement, and market access for dairy. U.S. Trade Representative Robert Lighthizer tells lawmakers hes taking steps to tackle Canadas milk pricing program, which American dairy farmers want killed in NAFTA 2.0.

Story source: NAFB

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