NAFTA Talks Progressing

DanDairy & Livestock, Industry News Release, Trade

Trade officials from the U.S., Mexico and Canada are hopeful to reach a consensus on the North American Free Trade Agreement (NAFTA) by early May.

naftaA trade negotiator from Mexico says “there’s a very high probability of reaching an agreement in principle,” within the next month, according to the Wall Street Journal.

Trade leaders from each nation met in Washington, D.C. last week, seeking to step up negotiations. The timeline, outlined by Mexico, would allow the U.S. enough time to present the agreement to lawmakers following the November midterm elections. Some trade experts speculate that given the Trump administration is battling with China on trade, the administration appears to be in a hurry to wrap up the NAFTA talks.

The talks continue this week. However, there still appears to be little movement on dairy trade issues between the U.S. and Canada, thus far.

From the National Association of Farm Broadcasting News Service.