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Business News » World News

U.S.-Mexico trade deal has six year reviews, no expiry - U.S. official

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Updated: Mon, Aug 27, 2018
11:00 pm
Reuters

The United States and Mexico have agreed to a 16-year lifespan for the North American Free Trade agreement, with a review every six years that can extend the pact for 16 years more, U.S. Trade Representative Robert Lighthizer said on Monday.

The plan would not contain an automatic expiration for NAFTA as proposed in the prior U.S. demand for a "sunset clause."

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

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