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In the News: NAFTA, Japan Talks, Asia FTA

Friday, August 03, 2018
Sandler, Travis & Rosenberg Trade Report

Deal with U.S. on key NAFTA rule closer, Mexico and Canada say

“Speaking to reporters, Malpica said ‘we are getting close’ to an agreement on the so-called autos rules of origin, which dictate how much of a vehicle must be made in the three NAFTA nations to qualify for duty-free status. Canadian trade negotiator Colin Bird told an auto industry conference in Michigan on Wednesday that NAFTA negotiators are making progress on auto content rules, and endorsed the concept of linking those rules to improving workers’ wages.”

[Reuters]

U.S. and Japan to duel over auto tariffs and FTA at first trade talks

“Japan hopes to skirt higher automobile tariffs and any moves toward a bilateral free trade agreement in the first cabinet-level negotiations with the U.S. next week, but cajoling the increasingly impatient Americans may prove a challenge. U.S. Trade Representative Robert Lighthizer is expected to demand the start of free trade talks when he meets with Toshimitsu Motegi, Japan's economic and fiscal policy minister, in Washington on Aug. 9.”

[Nikkei Asian Review]

Singapore eyes year-end to conclude world’s biggest free-trade deal

“The RCEP has gained attention since the US pulled out of the TPP, which was billed as the world’s biggest trade pact when it was signed in February 2016 after years of negotiations. … RCEP is a more modest deal that prescribes lower and more limited regulatory standards.”

[AFP]

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