WTO better for solving U.S. trade spats than NAFTA tool: Mexico minister

07/20/2017 Reuters

Idelfonso-GuajardoMEXICO CITY (Reuters) – Mexico’s economy minister said on Thursday the World Trade Organization (WTO) has been more effective in resolving U.S. trade disputes than the so-called Chapter 19 mechanism, which the United States hopes to ditch as part of NAFTA talks.

The United States on Monday released its goals for the talks, which aim to update the North American Free Trade Agreement that came into force in 1994.

These included a desire to ditch the Chapter 19 dispute settlement mechanism that has hindered the United States from pursuing anti-dumping and anti-subsidy cases against Mexican and Canadian firms. Canada has subsequently said it believes the mechanism must be kept as part of the NAFTA update.

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