April 20, 2018
The 8th round of NAFTA negotiations has instead become a permanent session as top officials from Canada, the U.S., and Mexico meet on an ongoing basis with the goal of reaching an agreement. Mexico’s Secretary of Economy Ildefonso Guajardo, stated “there’s a very high probability of reaching an agreement in principle, an 80 percent change.”
NAFTA is critically important for our region, it has created a $2.5 billion manufacturing supply chain that supports co-production between San Diego and Baja California. Our economies are linked, and thanks to NAFTA, 200,000 jobs have been created in Baja and over 110,000 in San Diego. In 2016 alone, San Diego exported goods to Mexico were valued at $5.5 billion. We are proud to have strengthened our ties and each other’s economies.
Lighthizer has stressed out the need to reach an agreement before the Mewww.sdchamber.org/wp-content/uploads/2018/04/NAFTA-Infographic.pdfxican presidential election on July 1st. If an agreement is reached within a short timeline, it could be presented to Congress before new representatives take office in January following mid-term elections.
