USTR Notifies Congress its Intent to Renegotiate NAFTA
At the direction of President Trump, the newly installed U.S. Trade Representative (USTR), Robert Lighthizer, formally notified Congress of the President’s intent to initiate negotiations with Canada and Mexico regarding “modernization” of NAFTA. Under section 102 of the Trade Priorities and Accountability Act of 2015 (TPAA), the USTR will consult “closely” with Congress to develop the Administration’s “negotiating positions” to ensure that that they are “consistent” with Congressional priorities and objectives.
Thursday August 17th, 2017 marks the potential first day NAFTA trade negotiations may commence, according to the 90-day statutory notice requirement referenced in the letter.
A more detailed analysis will be sent to you as more information becomes available.
For a copy of the letter, please click here.
Raul Rangel Miguel