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Home / World / Officials seek NAFTA talks after the expiration of the US "Travel" deadline

Officials seek NAFTA talks after the expiration of the US "Travel" deadline



Mexican and Canadian officials appear to be thwarting the passing of an informal US Congress deadline on Thursday to pass a treaty reshaping a continental trade pact.

Paul Ryan, spokesman for the US House of Representatives, also said there was "room for maneuver" as Thursday seemed to come and go without a final draft treaty, even though he had previously said that US lawmakers had to wait until 17. May have a proposal for a tripartite contract to have time to vote

The remarks came when Washington faced a dizzyingly complex workload when it came to multi-front trade deals with Europe, China and its North American trading partners.

Trump on Thursday lashed out at China and Europe, calling her "spoiled" and casting doubt on the chances of reaching an agreement with Beijing, even as Chinese negotiators in Washington were in talks.

His words helped lower an indecisive Wall Street Trade concerns have contributed to fears that the bull market in US equities may have come to an end since Trump's election.

Talks on the renegotiation of the North American Free Trade Agreement (NAFTA) were based on US demand for American content increase in cars that are treated duty-free in the trading bloc and have a sunset provision that would oblige the three governments to renew the treaty after five years.

The political calendar has set tight deadlines July Presidential elections, which will make the authorities there even less to the demands Wa Having yielded to shingtons.

Similarly, the parliamentary elections in November also endure in the United States and let legislators in the majority Republican party with little bandwidth to absorb a deal while they struggle to stay in power.

– "We'll keep trying" –

In Mexico, officials on Thursday downplayed the importance of Ryan's deadline.

"Today It's definitely not a dying date and the process continues, with technical teams from all three countries working," said Mexican Foreign Minister Luis Videgaray.

His remarks followed those of the Mexican Minister of Economic Affairs Ildefonso Guajardo. [19659013] "I would not rule out the possibility of reaching a deal sometime from the last week of May or as long as it takes," said Guajardo journalists.

"I would hope it happens as soon as possible," he ad ded. "We tried for a month to achieve the necessary flexibility … We did not get there last week, but we will keep trying to reach it. "

Canadian Prime Minister Justin Trudeau seemed hopeful, saying on Thursday a deal was "on the table" with just a few more questions to be worked out.

He described the trade in automobiles and auto parts as the last major controversy in the negotiations to reshape the 24-year-old NAFTA [19659017] "It's up to the last talks," he said, adding that he was "positive." On the chances of the three nations reaching a deal, said that "it is not done until it is done."

House spokesman Paul Ryan, who had previously set the deadline, opened up the possibility that there might be more time.

"I suppose there is probably some room for maneuver … but not indefinitely," Ryan told reporters Thursday. [19659020] US President Donald Trump has beaten off in China and Europe calling her "spoiled" s agreement with Beijing


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