US announces NAFTA renegotiation

The US government hopes to conclude the renegotiation of the NAFTA Free Trade Agreement this year.

US President Donald Trump promised to resume negotiations on the 23-year-old Free Trade Agreement during his campaign, calling him a 'disaster'. According to Trump, jobs and factories disappeared by the agreement to Mexico.

Lighthizer told reporters that not all sectors of the US economy benefited from the free trade agreement. 'As a starting point for the negotiations, we need to build on what works in NAFTA and adapt and improve what does not work,' explained the sales representative.