US Appears to be Softening NAFTA Auto Sector Demands

A potential breakthough to an impasse over automobiles has created a new sense of optimism in the NAFTA negotiations, with different players declaring themselves more hopeful of a deal than they have been in some time.

Canada’s ambassador to the U.S., David MacNaughton, suggested his newfound optimism was based on two developments in recent days: progress on the top U.S. priority of auto-parts rules, as well as a more general thawing of the frosty tone in earlier talks.

This comes as the United States appears increasingly keen on securing a quick agreement, with an upcoming round in Washington expected to feature a final push to obtain a deal before election campaigns in Mexico and in the U.S. Congress punt the process into 2019.

via Financial Post

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