US President Trump says in 'no rush' to get NAFTA deal

US President Trump says in 'no rush' to get NAFTA deal

Mexico's Economy Minister Ildefonso Guajardo has been leading the delegation, and said Canada would rejoin the talks once the issues more relevant to his country had been worked out.

Lighthizer was speaking in Washington during the latest round of high-level talks between US and Mexican officials to rejig the North American Free Trade Agreement, known as NAFTA, with a deal still elusive a year after the renegotiation began.

The development raised hopes that a year's worth of sometimes fraught negotiations could reach a successful outcome by the end of the year.

During the cabinet meeting, Lighthizer told the room he's hoping for a NAFTA breakthrough with Mexico in the coming days.

"We have everything on the table, there are no preconditions and we'll see at the end how the whole thing falls into place", Guajardo said as Thursday's meetings concluded. They've stressed that there have been a lot of one-on-one talks during NAFTA's renegotiation process.

Robertson says he thinks the US will eventually work to achieve an agreement between all three countries, because getting the needed approvals through Congress would be far more challenging, otherwise.

He said technical discussions would continue Monday and that he would return Tuesday to continue the high-level talks.

After long and hard negotiations among the parties to the North American Free Trade Agreement - all against the backdrop of President Donald Trump's well-known opposition - a breakthrough may be at hand.

"Our focus remains defending Canadian interests as we work towards a modernized, updated NAFTA agreement".

Guajardo also sounded an optimistic note Friday, where he wrapped up his fourth straight week of discussions with Lighthizer. The U.S. and Mexico are pushing for an agreement this month that would give the countries time to sign the pact before Mexico's President-elect Andres Manuel Lopez Obrador takes office in December.

According to USA auto industry sources, the two sides are close to a deal to increase North American automotive content thresholds, with substantial requirements for content produced in high wage areas, namely the United States and Canada. This would protect the deal from the possibility of opposition if Democrats win control of the legislature.