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US trade rep cites 'lack of headway' in NAFTA talks

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According to Market Intelligence, December 2022

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US trade rep cites 'lack of headway' in NAFTA talks

U.S. Trade Representative Robert Lighthizer said in a statement Nov. 21 that unless Canada and Mexico engage on major U.S. NAFTA demands, the talks "will not reach a satisfactory result."

Lighthizer said he was "concerned about the lack of headway," in the NAFTA talks. "Thus far, we have seen no evidence that Canada or Mexico are willing to seriously engage on provisions that will lead to a rebalanced agreement," Lighthizer said.

Mexico and Canada have rejected a U.S. demand to raise the minimum threshold for autos to 85% North American content from 62.5% as well as a U.S. requirement that half of vehicle content should come from the U.S., Reuters reported.

The two countries have also resisted a U.S. demand to scrap a key dispute resolution mechanism and proposed curbs on Mexican and Canadian agriculture.

The negotiating teams are due to meet again in Washington in December before a sixth formal round of talks in Montreal, Canada, from Jan. 23 to 28, 2018.