The objectives have to do with trade in goods and services, trade barriers, customs agreements, sanitary measures, intellectual property, transparency, labor rights, the environment and anti-corruption measures, among Other categories.
This is, according to the USTR, the first time that the United States includes the reduction of the deficit as a specific objective of a commercial negotiation, something that has to do mainly with the commerce with Mexico.
Since the NAFTA came into force in 1994, “the bilateral trade balance of US goods vis-à-vis Mexico has gone from a surplus of $ 1.3 billion to a deficit of $ 64 billion in 2016,” the statement said.
Among the objectives is also the inclusion in the NAFTA of agreements related to labor rights and environmental protection, which now form part of separate pacts.
The USTR Office has consulted with business and trade union leaders to solicit opinions before drafting their list of targets, which will guide the US when negotiations begin next August 16.
All three countries want to reach agreement on the new NAFTA by early 2018, as next year there are presidential elections in Mexico, which adds pressure to the negotiating schedule.