Trade officials in the United States, Canada and Mexico are hoping to reach an agreement in principle by May 4 on how to revise the North American Free Trade Agreement (NAFTA).  No breakthrough has been reported yet, despite days of high-level meetings, but some progress has reportedly been made.  Mexico’s presidential election is July 1, and the three governments reportedly think it is important to reach an agreement before then.

Separately, Mexico has approved the re-negotiated Trans-Pacific Partnership, the first of 11 signatory countries to do so.  The agreement no longer includes the U.S. since the Trump administration withdrew.  The remaining countries removed provisions that were regarded as concessions to the United States and agreed to move forward without the U.S.