Japan is hoping to avert any import curbs and potentially steeper US import tariffs on its cars, and fend off U.S. demands for a bilateral free trade agreement (FTA).
Canada and the United States showed scant sign of closing a deal to revamp NAFTA, and Canadian officials made clear Washington needed to withdraw a threat of possible autos tariffs
Leaders of three of the nation's most powerful business groups detailed six priorities they say need to be fulfilled to earn their support for an update of the North American Free Trade Agreement (NAFTA) to get through Congress.
While many officials are against a pact as they believe it will hurt domestic industry and agriculture, there is a small but influential group in the government that favours an FTA.
The task no longer lies with interpreting investment treaties alone and trying to reform investment arbitration in general – but designing an entirely cohesive system for international environmental justice that is open to the actual victims of environmental disasters and not just the States that often fail to genuinely represent them.
Mexico is prepared to move ahead with an updated version of the North American Free Trade Agreement that does not include Canada if Ottawa and Washington cannot resolve their differences.