Monday, January 15, 2018

NAFTA trio is going to Davos

Three top people involved in the NAFTA negotiations are going to be in Davos, Switzerland, Jan. 23 where they are likely to have some discussions about the negotiations.

Bloomberg news agency says Canadian Trade Minister Christia Freeland expects there will be some informal discussion about the North American Free Trade Agreement

But the real negotiations will be getting underway the same day in Montreal and are scheduled to last until Jan. 26.

U.S. Trade Representative Robert Lighthizer, Mexican Economy Minister Ildefonso Guajardo and Freeland are due to attend the World Economic Forum in Switzerland.

The three ministers are also tentatively scheduled to hold a trilateral meeting in Montreal on Jan. 28, Bloomberg said it learned from a spokesperson for Freehand.

The ministers didn’t attend the last two negotiating sessions in Mexico and Washington, after attending previous rounds.

The fate of the trade pact remains unclear -- U.S. President Donald Trump and House Speaker Paul Ryan each said last week they’d rather renegotiate than walk away from the pact altogether.

However, Trump reiterated his threat to pull out and Canada is taking his threat seriously.

U.S. Treasury Secretary Steven Mnuchin said last week the U.S. delegation will discuss its “America First” agenda at Davos.

So far only two of about 30 sections of NAFTA have been crafted.

Stay tuned for the Twit's tweets.