(Jassiel Valdelamar – El Financiero/Bloomberg)
The negotiation to modernize the North American Free Trade Agreement (NAFTA) is advancing at a positive pace and it is expected that in the next round, which will be held in Washington in early April, close another seven chapters to give a total of 13, said Wednesday Kenneth Smith Ramos, technical head of the Mexican delegation.
In the panel “Horizons for Mexico towards the End of the Sexennium,” on the sidelines of the Thirteenth Summit of Private Capital in Mexico of AMEXCAP, Smith acknowledged that there are currently seven chapters in the renegotiation that are 90 percent complete.
In the seventh round, where Mexico City hosted the event, three chapters were closed for a total of six and four sectoral annexes: good regulatory practices, transparency, and sanitary and phytosanitary measures. Click here to read more.
Note: Translation via Google
- Mexican Minister Ramps Up Pressure For Speedy NAFTA Deal (Reuters)
- Mexico’s Election Poses a Growing Threat to NAFTA’s Survival (CBC News)
- Trudeau Dismisses Impact of NAFTA Uncertainty on Canada (Bloomberg)