(Stephen Claeys – The Hill)
The Trump administration is off to the races in starting and completing the renegotiation of the North American Free Trade Agreement (NAFTA). After the administration announced earlier this year that it would seek to renegotiate NAFTA, it often stated that its goal is to complete the negotiations as soon as possible — possibly by the end of this year.
This is likely driven by the administration’s desire to quickly improve what the president considers to be a flawed and unfair agreement. Another reason is to complete the negotiations before the lead-up to Mexico’s presidential election in June of next year, when Mexico’s ability to negotiate will be limited. Nonetheless, it will be extremely difficult for the administration to complete the negotiations by the end of 2017, or even by the beginning of 2018.
The scope of the substantive changes to NAFTA sought by the administration is certainly one reason why the negotiations will not be completed soon. Click here to read more.