NAFTA deal would boost foreign investment

This week brought a furious last-minute push from all sides to reach a provisional deal on updating NAFTA, ahead of July’s Mexican presidential election. The US congressional mid-term elections won’t take place until November but, if a deal is going to be passed in the current session, it needs to be finished within the next couple of weeks. Even if an agreement between the negotiators is reached soon, however, there is still a possibility that the timeline may be too tight to get any deal through the current US Congress, particularly with the Republicans holding such a wafer thin majority in the Senate.