Mexico City | Reuters — Trade Ministers from Canada, Mexico and the United States on Tuesday said they made progress in weekend talks to update the NAFTA trade pact, consolidating language for some proposals and reaffirming their commitment to complete negotiations toward the end of 2017. A trilateral statement issued by U.S. Trade Representative Robert […] Read more
NAFTA ministers claim progress in talks
NAFTA talks resume in Mexico City
Mexico City | Reuters — Trade negotiators from Canada and the U.S. gathered under rainy skies in Mexico City on Friday to discuss the North American Free Trade Agreement, with the mood darkened by U.S. President Donald Trump’s persistent threats to pull out. Teams from the three countries were due to kick off a second […] Read more
Mexico, Canada dismiss Trump threats to scrap NAFTA
Mexico City/Ottawa | Reuters — Mexico and Canada on Wednesday dismissed U.S. President Donald Trump’s threat to scrap NAFTA, describing it as a negotiating tactic designed to gain an advantage during talks to update one of the world’s biggest trading blocs. In comments that initially pushed Mexico’s peso currency down by more than one per […] Read more
Canada, Mexico urge quick NAFTA talks to end uncertainty
Washington/Ottawa | Reuters — Top Canadian and Mexican diplomats expressed optimism on Thursday that a NAFTA deal could be reached early next year and cautioned that widespread uncertainty over the future of the three-way trade agreement had slowed business investment. Mexican sources say the plan is to hold seven rounds of talks at three-week intervals, […] Read more
Trump administration triggers launch of NAFTA renegotiations
Washington | Reuters — The Trump administration on Thursday formally launched its effort to renegotiate the North American Free Trade Agreement with Canada and Mexico to try to win better terms for U.S. workers and manufacturers. With a letter to U.S. lawmakers, U.S. Trade Representative Robert Lighthizer said he triggered a 90-day consultation period with […] Read more
Canada taps veteran negotiator to drive talks on NAFTA
Ottawa | Reuters –– Canada’s senior negotiator at talks to renew NAFTA will be the official who worked for years to push through a major free trade deal with Europe, two sources familiar with the matter said on Thursday. Steve Verheul faces another challenge as he deals with the U.S., which is threatening to walk […] Read more
Bayer sweetens Monsanto bid as talks enter final stretch
Reuters — German pharmaceutical and crops manufacturer Bayer said on Monday that its negotiations with Monsanto had advanced, and that it was now willing to offer more than US$65 billion to acquire the world’s largest seeds company. Bayer’s announcement came as the gap in price expectations between the two companies has narrowed significantly, although important […] Read more
Japan anxious at lull in Trans-Pacific trade talks
Tokyo | Reuters — Japan has expressed concern about a loss of momentum in talks on a pan-Pacific trade pact, after participants failed to agree to meet again this month to try to clinch a deal that would cover 40 per cent of the global economy. Ministers from the 12 nations negotiating the Trans-Pacific Partnership […] Read more
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