Nafta negotiators extend talks, delaying its potential demise
The countries disagree on issues like the percentage of a product that has to be made in the US and if Nafta should expire every 5 years
Washington
UNTIL Tuesday, the North American Free Trade Agreement (Nafta) looked like it might be headed for a quick demise. Now, it could be headed for a slow, painful one.
The US, Canada and Mexico said on Tuesday that they would extend Nafta negotiations into next year, with the parties citing "significant conceptual gaps" in how to rewrite the 1994 trade pact.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Saudi Arabia hikes oil selling prices for all grades to Asia
Slowing global economy to mean smaller revenue bump in Australian budget
Emerging-market optimism dashed by Fed as currencies, bonds sink
France’s Macron set to press China’s Xi on trade, Ukraine
Israeli Cabinet votes to shut down Al Jazeera’s local operations
Ukraine eases some wartime capital controls for businesses