Politics
U.S. and Mexico Nearing Nafta Car Deal, Sources Say
- Nations have been negotiating auto rules since October
- Issue is among the most contentious in Nafta renegotiation
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The U.S. and Mexico are in the final stages of negotiating a deal on rules for cars sold under Nafta, one of the biggest sticking points in discussions to overhaul the North American Free Trade Agreement, according to five people familiar with the talks.
The two sides have exchanged new proposals for the auto industry, and Mexican Economy Minister Ildefonso Guajardo is scheduled to travel to Washington on Thursday for meetings with U.S. Trade Representative Robert Lighthizer, his second visit in as many weeks, according to two of the people who asked not to be identified discussing private negotiations. The people declined to discuss the content of the proposals and said that no agreement has yet been reached.