NAFTA Talks Could Cross Into 2018, Commerce Secretary Says
NAFTA renegotiations could progress into 2018, despite hopes of finishing this year, Commerce Secretary Wilbur Ross said June 19 at the Commerce Department-sponsored Select USA Summit (here). “In an ideal world, we’d try to get it done by the end…
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of this calendar year,” Ross said. “That would be a record speed for any big trade negotiation. So I don’t know whether we’ll be able to do that. But we are certainly mindful of the calendar, and that the calendar is fundamentally not our friend.” Ross highlighted last month that the mid-2018 Mexican presidential election, the July 2018 expiration of Trade Promotion Authority, and the 2018 U.S. midterm elections could complicate NAFTA talks (see 1706010044).