NAFTA Negotiations Continue as Deadlines Loom
October 1, 2018 | IPCEstimated reading time: Less than a minute
Late last month, the U.S. and Mexico announced they had reached a preliminary bilateral agreement to update their portion of the North American Free Trade Agreement (NAFTA). U.S. discussions with Canada are ongoing, but senior officials have repeatedly suggested that they are prepared to move forward without Canada if necessary. U.S. Trade Representative Robert Lighthizer has again conceded this week that “large issues” remain and Canadian Prime Minister Justin Trudeau has said that he won’t be rushed into a deal.
The Trump administration is racing to meet a self-imposed deadline to finish NAFTA negotiations with Canada by September 30 in order to sign the deal before Mexican President Enrique Peña Nieto’s last day in office on November 30. Moving forward without Canada would set up a showdown with Congress—many members of which represent communities that rely on trade with Canada. Canada is the largest foreign market for U.S. goods. Trade experts also question whether a U.S.-Mexico bilateral deal is compliant with Trade Promotion Authority (TPA).
Suggested Items
Kitron Wins Additional €7 Million Contract, Expanding Presence in Industrial Automation
06/06/2025 | KitronKitron has signed a significant manufacturing agreement with a leading customer in the industrial automation sector. The agreement covers electronics manufacturing services for a new generation of high-performance drive modules used in automation and motion control systems.
IMI Signs Share Purchase Agreement to Sell Its Czech Republic Manufacturing Site
06/06/2025 | IMIIntegrated Micro-Electronics Inc (IMI), through its wholly-owned subsidiary, Coöperatief IMI Europe U.A., has signed a share purchase agreement to sell 100% of the shares in IMI Czech Republic (IMI CZ) to KEBODA Deutschland GmbH & Co. KG, a subsidiary of Keboda Technology Co., Ltd. (Keboda), a publicly listed company in China.
SINEXCEL, Phoenix Contact Sign Global Strategic Partnership Agreement
05/23/2025 | PRNewswireSINEXCEL has officially signed a global strategic partnership agreement with Phoenix Contact at the PHIIDF (Phoenix Contact Innovation and Industry Development Forum) in Shenzhen.
Transom Capital, SigmaTron Announce Entry into Merger Agreement
05/22/2025 | Globe NewswireTransom Capital Group, LLC, an operationally focused middle-market private equity firm, and SigmaTron International, Inc., an electronic manufacturing services company, announced that they have entered into a merger agreement pursuant to which an affiliate of Transom will acquire the Company.
Lockheed Martin Expands Industrial Cooperation in Spain with New PAC-3 MSE Agreement
05/19/2025 | Lockheed MartinLockheed Martin subsidiary Lockheed Martin España S.A. signed a significant industrial cooperation agreement with the Spanish Ministry of Defense, providing the Spanish defense industry with increased engineering and production capability.