U.S. Offers Proposal That Could Kill Nafta in 5 Years
- ‘Sunset clause’ requires nations to decide to maintain accord
- Canada, Mexico say measure would create business uncertainty
Nafta Negotiations: What Canada, U.S., Mexico Need
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U.S. negotiators on Wednesday presented a proposal for a so-called “sunset clause” that would see the North American Free Trade Agreement expire after five years unless the parties can agree to extend it, according to two people familiar with the talks.
The proposal was presented to a small group of negotiators, according to the people, who asked not to be identified discussing private negotiations. The White House declined to comment on the Nafta talks, and the U.S. Trade Representative’s press office didn’t respond to a request for comment.