WHILE the American Iron and Steel Institute (AISI) welcomed efforts to reform the North American Free Trade Agreement (NAFTA), it also pleased US negotiators concluded negotiations on a new deal
WHILE the American Iron and Steel Institute (AISI) welcomed efforts to reform the North American Free Trade Agreement (NAFTA), it also pleased US negotiators concluded negotiations on a new deal. 'It is now critical that Canada be included in the negotiations and that a new trilateral agreement be reached to update and modernise the NAFTA,' said AISI president and CEO Thomas Gibson.
'After 24 years, it is time for the NAFTA to be modernised. We appreciate the administration's hard work in reaching the bilateral understanding with Mexico,' he said.
'The announcement by the United States and Mexico is an important first step toward ensuring continued robust intra-NAFTA trade and investment,' said Mr Gibson.
'NAFTA has provided significant benefits for the steel industry. It has resulted in increased US steel exports to Mexico and Canada, strengthened manufacturing supply chains, especially with key customer groups like the automotive industry,' he said.
