The North American Free Trade Agreement (NAFTA) is once again making headlines. President Trump promised to renegotiate or back out of the 20-year-old landmark FTA during his presidential campaign, and made good on those promises when he formally initiated the procedure to begin renegotiations in May 2017. Under the Trade Promotion Authority (TPA) passed by Congress, there is a set schedule that the Administration must adhere to, along with specific milestones it must meet, during the negotiation or renegotiation of FTAs.
That process for NAFTA is now underway. Stay tuned for articles and insight on what may change in NAFTA, how the negotiations are proceeding, and what the implications of those changes might be.