Opening-round talks Aug. 16-20 to remodify the North American Free Trade Agreement (NAFTA) revealed early fissures dividing the United States from Mexico and Canada. The round table discussions included an administration proposal to require a “substantial” portion of autos and auto parts produced under the pact to be manufactured in the U.S.

The second round of NAFTA talks will be Sept. 1-5 in Mexico City. One of the key points in NAFTA talks is Rules of Origin (RO)--meaning a certain percentage of parts in a product, such as a car, have to originate from North America.

 GENEVA---Calling it the “biggest reform of global trade in a generation”, WTO Director-General Roberto Azevêdo announced that the Trade Facilitation Agreement (TFA) is now a reality. The news came after the TFA surpassed the minimum requirement of 110 members with 112 WTO members approving the new global trade decision recently.

Azevêdo said the agreement would boost global trade by up to $1 trillion a year.