High-level NAFTA negotiations will resume this week on the sidelines of the Summit of the Americas in Lima, Peru this weekend. U.S. Trade Representative Robert Lighthizer will be present in the occasion even though President Donald Trump cancelled is trip. Canadian Foreign Minister Chrystia Freeland and Mexican Economy Minister Ildefonso Guajardo will be there too.
It’s believed that Trump is still seeking to close the NAFTA deal quickly and offered a concession regarding car contents. The timing is important as securing the deal by May should meet all the necessary deadlines to have the revised NAFTA agreement approved by Republican-controlled Congress, before mid-term elections. Another key milestone is Mexican elections on July 1.
