US trade chief eyes deals on Nafta, Philippines, sub-Saharan Africa
[WASHINGTON] US Trade Representative Robert Lighthizer said on Thursday the United States is in the finishing stages of completing a deal to update Nafta and plans to pursue free trade agreements in sub-Saharan Africa, Southeast Asia and possibly with the Philippines.
Mr Lighthizer, testifying before a US Senate Appropriations subcommittee, said he liked the idea of a trade deal with the Philippines as a "good first agreement" in the region. He said a number of sub-Saharan African countries also would make good candidates for bilateral trade deals.
"We want to have a model agreement. We want to pick someone where there are clear advantages to US manufacturing and agricultural sales and our hope is that most of what is in that model is something we can use with other people," he said.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Blinken to meet businesses in Shanghai as he kicks off a tough China trip
Indonesia’s central bank surprises with ‘pre-emptive’ rate hike to cushion falling rupiah
South Korea’s economic growth beats forecast as exports rise
China 2024 growth outlook raised to 4.8%, deflation risk lingers
Luxury sector outlook clouded by China’s slow recovery
‘We aren’t going anywhere’: TikTok CEO expects to defeat US restrictions