Nafta talks set to drag in to next year after missed deadline

Financial Times, May 18, 2018
by Shawn Donnan and Jude Webber

Donald Trump’s efforts to renegotiate the North American Free Trade Agreement with Canada and Mexico appear likely to drag into next year after his administration failed to meet a congressional deadline to present a deal to legislators. 

Negotiators also have to factor in July 1 Mexican presidential elections in which leftist populist Andrés Manuel López Obrador is leading in the polls. 

Paul Ryan, the Speaker of the House of Representatives, said last week that Thursday would be the notional deadline for the administration to provide notification that it planned to sign a new agreement if it wanted the Republican Congress to vote on the deal, according to the rules governing trade legislation.

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