NAFTA revamp could soon be concluded, says Mexico trade adviser

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NAFTA revamp could soon be concluded, says Mexico trade adviser

The revamp of the North American Free Trade Agreement (NAFTA) ought to be concluded in the next few months, a top adviser in the incoming Mexican administration reportedly said on Tuesday.

Reuters reported that Jesus Seade, the designated NAFTA negotiator of president-elect Andres Manuel Lopez Obrador, said while some contentious issues still had to be resolved, he believed it was almost “inevitable” a deal would be reached.

“What I see ... to be a very feasible expectation is that we’ll be concluding the negotiation in the next two months if possible, or in the next few months a bit further down the road,” Seade told Mexican radio.

Seade and Economy Minister Ildefonso Guajardo will later this week travel to Washington to revive NAFTA talks with U.S. Trade Representative Robert Lighthizer.

Negotiations to reshape the 1994 trade accord were launched last August at the behest of U.S. President Donald Trump, who blames NAFTA for the U.S. trade deficit with Mexico and argues the deal has caused jobs to move south of the border.

The talks had moved slowly and stalled in the run-up to the July 1 presidential election in Mexico, which yielded a landslide victory for veteran leftist Lopez Obrador.

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