Mexico, U.S. Signal Progress but No Imminent Deal on Nafta

08/24/18 Wall Street Journal

nafta_logo1U.S. and Mexican officials played down the chances of the two countries imminently reaching a trade deal but said they had made advances in the negotiations.

Those advances centered on rules for car makers unable to meet stricter regional requirements on manufacturing content, people familiar with the matter said.

Mexico‘s chief trade negotiator, Ildefonso Guajardo, said “progress has been made” in bilateral talks to revamp the North American Free Trade Agreement, but that they may need to continue over the weekend and into next week.

“Nothing is agreed until everything is agreed,” he said.

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