Factbox - Major points of friction as NAFTA talks sour


  • World
  • Friday, 13 Oct 2017

(Reuters) - U.S. demands for more favourable treatment under the North American Free Trade Agreement, and a proposal that any new deal be allowed to expire after five years, heightened tensions as negotiators held another round of talks to renew the pact this week.

NAFTA, long opposed by U.S. President Donald Trump, was first implemented in 1994. It eliminates most tariffs on trade between the United States, Canada and Mexico and underpins $1 trillion of trade.

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