Mexico industry eyes NAFTA changes to find common ground with Trump

Coming soon, Donald Trump's NAFTA demands

Coming soon, Donald Trump's NAFTA demands

Among the objectives Lighthizer outlined are reducing the United States trade deficit with NAFTA countries, maintaining reciprocal duty-free market access for industrial goods, and ensuring transparency and accountability in the development and implementation of regulations.

Mexico's government on Monday said it would work to strengthen the North American economy after the United States published its objectives for the renegotiation of the NAFTA trade deal, which one Mexican official described as "not as bad" as feared.

Mexican industry is exploring revising trade rules to ensure U.S. workers benefit from a renegotiated North American Free Trade Agreement (NAFTA) to address head-on U.S. President Donald Trump's biggest beef with the treaty.

"Too many Americans have been hurt by closed factories, exported jobs, and broken political promises".

President Donald Trump retreated from his threat to exit NAFTA, but has described the agreement as a "disaster" that has drained the United States of wealth and jobs.

Mexico and Canada have both said they would push their own agendas at the talks.

Economists have warned that reaching the goals might be hard.

M Venkaiah Naidu is NDA's Vice Presidential candidate
Advani.However, he has remained in the forefront of the BJP as one of its senior vice-presidents and an important campaigner. The opposition has already declared former diplomat and Mahatma Gandhi's grandson Gopalkrishna Gandhi as their candidate.

"These objectives could lead to a successful negotiation but one that will be hard and where not all the objectives can be achieved", Schott said.

In a highly anticipated document sent to lawmakers, U.S. Trade Representative Robert Lighthizer said he would seek to reduce the trade imbalance by improving access for U.S. goods exported to Canada and Mexico under the three-nation pact.

He added the current agreement was ill-equipped to tackle issues blocking access of U.S. dairy, wine, grain and other products to the Canadian market.

According to the Nafta blueprint released Monday, the US would also seek to raise labor standards significantly for Mexican imports.

And Washington will seek to add a chapter on the digital economy and call for the elimination of state enterprises' unfair trade practices, as well as "burdensome" restrictions on intellectual property.

The negotiating objectives also include adding a digital economy chapter and incorporating and strengthening labor and environment obligations that are now in NAFTA side agreements.

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