Trade Agreement with Mexico Expected Sooner than with Canada06/18/2018
From here on out you can expect the U.S. to split its efforts on renegotiating the North American Free Trade Agreement between talks with Mexico and separate talks with Canada. That’s according to USDA Secretary Sonny Perdue, who on Friday said he expects the talks with Mexico to go much quicker and hopefully wrap up before Mexico’s presidential election on July 1.
“We feel more optimistic in a Mexican agreement sooner than Canada,” Perdue explained during a trip to Canada where he spent the day with Agriculture and Agri-Food Minister Lawrence MacAulay. “We still have some intractable issues with Canada that we are working through, but hopefully we can get an agreement with Mexico and then with Canada very soon this summer.”
That doesn’t necessarily mean the U.S. will scrap NAFTA in favor of two separate free trade agreements, as some have feared because of recent comments by President Trump.
“I Think (U.S. Trade Representative Robert Lighthizer) believes that we could get a bilateral deal done more quickly with Mexico and then with Canada and possibly come back together with all three nations and hopefully we can get that done sooner rather than later,” Perdue said.