The United States began the revision of the trade agreement with Canada and Mexico

США начали пересмотр торгового соглашения с Канадой и Мексикой

Negotiations with these countries will begin after August 16.

U.S. trade representative Robert Lighthizer informed the us Congress about the President’s plans of Donald trump to reconsider the free trade agreement with Canada and Mexico (NAFTA). Thus started the formal process of revising this document.

“The NAFTA agreement was negotiated 25 years ago, during that time, our economy and business has changed significantly, and NAFTA – are not. Many of the provisions are outdated and don’t meet modern standards”, – stated in the letter of Leithauser.

According to him, the administration trump intends to achieve “timely and tangible results for American consumers, entrepreneurs, farmers and workers.”

It is also reported that direct negotiations with Canada and Mexico will begin no earlier than August 16 of the current year.

As reported Корреспондент.netduring the election campaign Donald trump promised to terminate the agreement NAFTA. He said that “this is the worst trade deal ever concluded” Washington.

But on April 26 it became known that trump decided not to cease cooperation under the agreement of NAFTA. Now he intends to achieve more favorable terms of trade for the United States.

Note that Canada and Mexico are the second and third largest trade partner after China. Agreement NAFTA entered into force in 1994 and is considered one of the most successful free trade agreements in the world.