MEXICO CITY (AP) - The U.S. trade representative said an agreement was reached on only three chapters of the North American Free Trade Agreement during the latest round of talks on renegotiating the treaty and warns that "time is running short" to reach a deal.
Robert Lighthizer said that overall, only six of NAFTA's 30 chapters have been concluded in seven rounds of talks.
Lighthizer said Monday that "we have not made the progress many had hoped." He added: "I fear the longer we proceed, the more political headwinds we will feel."
He said that if three-way negotiations involving the U.S., Mexico, and Canada don't work, "we are prepared to move on a bilateral basis."
Lighthizer spoke in Mexico City, where the latest round of talks took place.