Another Round of NAFTA Talks Begin

Cozen O'Connor
Contact

[author: Laura Anne Schierhoff]

On Sunday, U.S., Canadian, and Mexican negotiators began a seventh round of North American Free Trade Association (NAFTA) re-negotiations in Mexico City. However, once again, trade talks are strained due to tensions between President Trump and Mexican President Pena Nieto and discussions surrounding a Southern border wall between the U.S. and Mexico. Mexico has not directly indicated it is walking away from negotiations. However, there are signs that Mexico is turning to other countries for trade, including Brazil. Last year, Mexico imported ten times more corn from Brazil than years past. U.S. farmers are the ones that will feel the effect of trade going elsewhere – not only corn – but also soybeans, dairy and poultry. Canadian President Trudeau has indicated that Canada is willing to walk away from NAFTA if negotiations fall apart; he said Canada won’t be accepting “any old deal.” These negotiation talks are schedule to run through March 5, 2018. There is no firm timeline for when a re-negotiation deal must be reached among the three countries, but there are political events that may delay and shape further talks, including a Mexican presidential election in July and the U.S. Congressional mid-term elections in November.

 

 

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Cozen O'Connor | Attorney Advertising

Written by:

Cozen O'Connor
Contact
more
less

PUBLISH YOUR CONTENT ON JD SUPRA NOW

  • Increased visibility
  • Actionable analytics
  • Ongoing guidance

Cozen O'Connor on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide