US kicks off process to sign NAFTA 2.0

Nov. 29, 2018, is now the earliest possible date a new NAFTA deal can be signed by the three parties.

In theory, this means Canada, the U.S., and Mexico have until Sunday, Sept. 30 to finalize the details of the deal if they want to pursue a trilateral agreement compliant with the notice of intent sent by the President today.

The legislation that allows the White House to conduct trade negotiations clearly sets out a timeline by which deals can be made, which includes formal review periods so Congress, business and civil society can opine on any deal reached.

The news of official intent marks the start of that process. The next benchmark is 30 days from now, when the USTR must publish the full text of any agreement on its website. Sixty days later, the President is allowed to sign the agreement.

However, signing an agreement does not mean it is enacted in U.S. law.

Keep reading at SC Dive.