(Reade Pickert, Jenny Leonard & Andrew Mayeda – Bloomberg)
Negotiations with Mexico on an update to the North American Free Trade Agreement are going well and may be close to wrapping up, U.S. Commerce Secretary Wilbur Ross said.
“Our immediate, most close-to-completion negotiations are with NAFTA, particularly with Mexico,” Ross said Monday at a conference in Washington, adding that President-elect Andres Manuel Lopez Obrador has “wasted no time” appointing a new trade team. “There’s a pretty good chance that we could be on a pretty rapid track with the Mexican talks.”
The Mexico peso extended gains during Ross’s comments, and was up 0.7 per cent against the dollar at 10:21 a.m. New York time. Click here to read more.
- U.S., Mexico Aiming to Reach Deal on NAFTA by August (Straights Times)
- NAFTA Teams Ready to ‘Start Solving’ Stalled Issues: Mexico (Business Times)
- Ross Says the Trade Deal That’s Closest to Completion is NAFTA (Forex Live)
- NAFTA Talks Are Now Making ‘Amazing’ Progress, Trump Aide Says (Bloomberg)
- ‘Very Big,’ or No Big Deal? What This Week’s Trade News Means For Canada (CBC News)