Difficult to reach a finalized NAFTA agreement – Goldman Sachs

Dhwani Mehta FXStreet

Following are the excerpts on the North American Free Trade Agreement (NAFTA) from Goldman Sachs’ latest clients note on the US-China trade war.

“We think a deal on the auto sector is fairly likely, but we believe it will be difficult to reach a finalized agreement covering all aspects of NAFTA renegotiation.

NAFTA negotiations appear to be headed in a positive direction.

we believe it is fairly likely (60% chance) that an agreement on auto-sector rules of origin will be reached in the near-term.

However, we are somewhat more skeptical that a full renegotiation will be completed by the late August deadline negotiators have laid out (35% chance).”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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