US: White House begins NAFTA renegotiate process

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According to White House report, the government of US is preparing to issue the notification to Congress that it will renegotiate the North American Free Trade Agreement (NAFTA).

Commerce Secretary Wilbur Ross has reportedly met with key lawmakers to satisfy a final step required beforehand.  President Donald Trump has indicated that he would consider pulling out of NAFTA if his counterparts are unwilling to renegotiate the agreement. Withdrawing from NAFTA would require six-months’ notice. Mexico commenced its own consultation process in February, which must also take at least 90 days.

Ross on 21 March 2017 laid out a preliminary strategy for NAFTA renegotiation to a group of House Members to consult with ahead of issuing a formal 90-day notice that the administration intends to revise the agreement.

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