Saturday, Nov 17, 2018 | Last Update : 06:33 PM IST

NAFTA trade agreement with Mexico 'looking good': Trump

AP
Published : Aug 28, 2018, 10:40 am IST
Updated : Aug 28, 2018, 10:54 am IST

Trump administration wants a higher percentage of auto production to come from within the NAFTA bloc before qualifying for duty-free status.

'A big deal looking good with Mexico!' Trump tweeted Monday morning. (Photo: File)
 'A big deal looking good with Mexico!' Trump tweeted Monday morning. (Photo: File)

Washington: President Donald Trump says the prospects are "looking good" for an agreement with Mexico that could set the stage for an overhaul of the North American Free Trade Agreement.

"A big deal looking good with Mexico!" Trump tweeted Monday morning. US and Mexican negotiators worked over the weekend to narrow their differences.

Once they reach an agreement, the third country in NAFTA -- Canada -- would be brought back in to finalize a revamp of the 24-year-old pact.

NAFTA reduced most trade barriers between the three countries.

But Trump and other critics say it encouraged US manufacturers to move south of the border to exploit low-wage Mexican labour.

The Trump administration wants a higher percentage of auto production to come from within the NAFTA bloc before qualifying for duty-free status.

Tags: donald trump, nafta, trade agreement
Location: United States, District of Columbia, Washington