NAFTA Round Five Gets Underway in Mexico
Some NAFTA negotiating teams started meetings in Mexico City for the fifth round of the pact’s negotiations on Nov. 15, with talks to formally begin Nov. 17, according to a trilateral statement highlighting the round. Almost 30 negotiating groups will…
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meet during the round, set to conclude Nov. 21. After NAFTA ministers held “substantive discussions” during the Asia-Pacific Economic Cooperation Leaders' Meeting in Da Nang, Vietnam, last week, the ministers agreed not to attend the fifth round, “so negotiators can continue to make important progress on key chapters advanced in Round 4,” the statement says. “Chief Negotiators from Mexico, United States and Canada will be in constant communication with their respective Ministers and will report on the progress reached in this round.” Round 4 in Washington saw some of the most contentious U.S. proposals being proposed, including a 50 percent U.S. content requirement for automobiles (see 1710170056).