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U.S. pushing for NAFTA deal as Thursday deadline approaches

Reuters  |  WASHINGTON 

By Chiacu and David Lawder

WASHINGTON (Reuters) - The is still pushing for a deal to revise the North American Free Trade Agreement (NAFTA), the said on Wednesday, while a top Mexican held out the possibility of an agreement in the coming weeks.

is committed to getting a better agreement with and Mexico, told

"We still want to see something happen and we're going to continue in those conversations. They're ongoing now and we're pushing and hopeful that we can get something done soon," said Sanders.

has said that the Republican-controlled would need to be notified of a new deal by Thursday to give lawmakers a chance to approve it before a newly elected takes over in January.

Sanders did not address Ryan's timeline, but said Trump was adamant he would get a deal "that works for "

"He's not going to stop until he gets it," she added.

Mexico's economy reiterated that Thursday was not a feasible deadline.

"However, I would not rule out at any point, if the participants show the willingness, that we can settle this negotiation at any moment from the close of May onwards, or in June," the told Mexican radio.

Guajardo said it was not yet clear when the ministers from Mexico, and the responsible for negotiating NAFTA would meet again.

Ryan himself told reporters at the U.S. Capitol that cannot begin working on the negotiating law known as "fast track" without a trade deal in hand.

"The point is, we can't work a bill unless we have an agreement that's in writing that we can work on, and that hasn't occurred yet," Ryan said.

Chief Mexican said that the administration of had a responsibility to keep negotiating until Mexico's new president, who will be elected on July 1, takes office on Dec. 1.

If a NAFTA deal is not reached before the election, Mexico's negotiators will work closely with the incoming government's transition team, Smith told Mexican radio.

U.S. Kevin Brady, the of the tax and trade-focused House Ways and Means Committee, said there was probably little room to go past the Thursday deadline for a deal and still get a new NAFTA approved by year end.

Leftist is leading polls to win the Mexican His pick for economy minister, Graciela Marquez, has said his administration would be willing to accept a deal struck before the election.

(Additional reporting by in Ottawa, Frank Jack Daniel, Anthony Esposito and Dave Graham in City; Editing by and James Dalgleish)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Thu, May 17 2018. 02:17 IST
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