U.S. and Mexico Reach New Deal that Could Replace NAFTA

WINSTON-SALEM, N.C. - Aug. 28, 2018 - PRLog -- U.S. and Mexico Reach New Deal that Could Replace NAFTA

The U.S. and Mexico came to an agreement on a trade deal on Monday that could pave the way to replace NAFTA.

President Donald Trump said that the new deal would be called The United States-Mexico Trade Agreement, removing the NAFTA (North American Free Trade Agreement) name.

He added that it would help farmers and manufacturers. "We've made it better" for both countries, according to CNBC.

"The name NAFTA has a bad connotation because the United States was hurt very badly by NAFTA," Trump said.

There was hope that a new NAFTA agreement would be ready before December 1st, when Andres Manuel Lopez Obrador replaces President Enrique Peña Nieto. Both Mexico and Americans have been eager to reach a deal by the end of August because it would give them time to notify Congress and have the deal signed by Mr. Peña Nieto's administration.

"I'm certainly hopeful that we get a good agreement," Carla Hills, a former U.S. trade representative and chief NAFTA negotiator, said earlier Monday on CNBC's "Squawk Alley." NAFTA is … to read the complete story, click on this link https://abasto.com/en/news/us-mexico-new-deal-nafta/