US Trade Representative Says NAFTA Negotiations Moving Quickly

U.S. trade envoy Robert Lighthizer said on Monday negotiations with Canada and Mexico on modernizing NAFTA were moving quickly, but it was too soon to know whether the sides will reach a conclusion before elections in Mexico and the United States.

usdcad Canadian dollar graph, September 18, 2017

“We’re moving at warp speed but we don’t know whether we’re going to get to a conclusion,” Lighthizer told an audience at the Center for Strategic and International Studies ahead of the next round of talks in Ottawa on Sept 23-27.

The sides have said they would like to conclude talks on revamping the North American Free Trade Agreement by early next year because of the Mexican vote and midterm Congressional elections in the U.S. in November 2018.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza