Excerpt from an article by Clint Long, Attorney, King and Spalding
In July, USTR announced that the first round of NAFTA renegotiation will occur from August 16 to August 20 in Washington. According to Secretary of Commerce Wilbur Ross, the renegotiation process may continue into 2018. Since Ambassador Lighthizer notified Congress in May that President Trump intended to begin the renegotiation process, Congress also has been actively involved in gathering information regarding the Administration’s renegotiation efforts and objectives. Congress already held hearings on NAFTA with Ambassador Lighthizer in June, and the House Ways and Means Committee held a hearing on July 18 regarding the modernization of NAFTA in which stakeholders from various industries participated. Congress will certainly continue to hold hearings to seek information from, and engage in ongoing discussions with, USTR about the renegotiation of NAFTA. To read the entire article click here.