On August 27, U.S. President Donald Trump and Mexican President Enrique Pena Nieto announced that both countries have reached a preliminary trade agreement with Mexico called the ‘United States-Mexico Trade Agreement’ as part of negotiations of the North American Free Trade Agreement (NAFTA). Details of the deal have yet to be released, but briefing papers from the Office of the U.S. Trade Representative indicate that the deal includes significant efforts to address agricultural non-tariff barriers, as well as weaker dispute settlement provisions and the requirement for a review process.
Canadian trade negotiators arrived in Washington on Tuesday to join the discussions and explore the possibility of signing on to the agreement. Both the U.S. and Mexico have attempted to reach a deal by the end of August – this would give Trump enough time to notify Congress of the finalized deal and have the deal signed by current Mexican President Nieto before President-elect Lopez Obrador takes office on December 1.
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