Nafta Negotiators Agree to Regulatory Best Practices, Source Says
- Chapter represents fourth finished in process; about 26 remain
- Issue is first finalized in latest talks in Mexico City
A U.S. Customs and Border Protection inspects a truck entering from Mexico at the Otay Mesa Cargo Port of Entry in San Diego.
Photographer: David Maung/BloombergNegotiators from the U.S., Canada and Mexico finished work on regulatory best practices for Nafta, the first official “chapter” completed in the latest talks in Mexico City, according to a person with knowledge of the process.
The three nations had agreed to some similar measures on regulatory coherence as part of the Trans-Pacific Partnership, but the rules approved for the North American Free Trade Agreement go deeper, according to the person, who asked not to be identified before a public announcement and wouldn’t elaborate on the chapter’s specifics. U.S. President Donald Trump withdrew from that Pacific Rim pact a year ago, days after taking office.