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Wednesday, 21 August 2019

US-Mexico trade deal has six year reviews, no expiry: US Official

Reuters , Monday 27 Aug 2018
Robert Lighthizer
File Photo: US Trade Representative Robert Lighthizer (Reuters)
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The United States and Mexico have agreed to a 16-year lifespan for the North American Free Trade agreement, with a review every six years that can extend the pact for 16 years more, US Trade Representative Robert Lighthizer said on Monday.

The plan would not contain an automatic expiration for NAFTA as proposed in the prior US demand for a "sunset clause."

 

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