Posted On 21 Aug 2017
Mexico and Canada reaffirmed their “commitment to an ambitious outcome” in the negotiations of the North American Free Trade Agreement (NAFTA) at the end of the first round of talks, and planned the next meeting for September 1-5 in Mexico to come back to the US in October.
“The breadth and volume of the proposals during the first round of negotiations reflects the commitment of the three countries to an ambitious outcome and reaffirms the importance of updating the rules governing the world’s largest free trade area,” said the trilateral communique sent by the Office of the US Foreign Trade Representative, according to EFE.
This is good news for Ecuador, that seeks a trade agreement with the United States, said Ecuadorean Foreign Trade Minister Pablo Campana a few weeks ago.
At the end of this month, a mission of Ecuadorean authorities and businesspeople will travel to the North American country for two purposes: to advocate for the extension of GSP tariff preferences, and to seek a trade agreement. The fact that Mexico progresses in its negotiation process makes Ecuador feel more confident that it has the perfect opportunity to achieve its commercial goals. (I)