US-Mexico to restore North American Free Trade Agreement, reaches a deal

On Monday, the United States and Mexico reach a deal to replace NAFTA (North American Free Trade Agreement) and discusses with Canada to immediately begin in the objective to reach the final agreement by this Friday, reports a Senior US trade officer.

The Senior Officer told source in an interview that “We are now inviting the Canadians in as well and hope that we can reach a fair and successful conclusion with them as well.”

“There are still issues with Canada but I think they could be resolved very quickly,” added the officer.

President of Mexico, Enrique Pena Nieto Twitted on Monday said that he will discuss with US President Trump on advance over the re-negotiation of the NAFTA deal so that Canadian can enjoy trilateral words.

US-Mexico NAFTA deal is expected to require 75% of auto-content to be developed in the US and Mexico, up of 62.5 % from the current level and needs 40-45% of auto-content to be developed by workers earning at least $16 per hour, reports second officers.

by Chandrani Sarkar on August 27, 2018

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