Tax-News.com: US Begins Process Required To Renegotiate NAFTA

by Mike Godfrey, Tax-News.com, Washington

24 March 2017









The White House 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 the House Advisory Group on Negotiations, paving the way for the Administration to notify Congress that it will launch renegotiations within three months.

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.

Published at Thu, 23 Mar 2017 19:00:00 -0500

Posted by:Boban