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Secretary of Commerce: US

US Commerce Secretary Wilbur Ross today insisted on the need to reach an agreement to update the North American Free Trade Agreement (NAFTA) with Canada and Mexico, "before the end of the year" and said it could "generate tens of thousands of jobs" in the United States.

Washington, Sep 22 (EFE) .- US Commerce Secretary Wilbur Ross insisted today on the need to reach an agreement to update the North American Free Trade Agreement (NAFTA), with Canada and Mexico, "before the end of the year" and said it could "generate tens of thousands of jobs" in the US

"We need to see a new agreement in NAFTA before final year, "Ross said in an interview with Bloomberg, commenting on the pressures of a political calendar with provincial elections in Canada, in Mexico presidential and legislative in the US in 2018.

If a new trade pact that updates the current one, in force since 1994, is reached, the US could "generate tens of thousands of jobs, even hundreds of thousands of jobs. "

Ross reiterated that the goal is" to reduce the US trade deficit ", especially with Mexico and specifically targeted the auto and components sector. which accounted for a large part of the imbalance.

"The sharp growth in components comes from components from outside NAFTA, China and the Southeast Asian. NAFTA.

Tomorrow will begin the third round of talks between the three parties in Ottawa (Canada), which will run until September 27.

Negotiations, which experts Donald Trump, who considers that the trade agreement is "unfair" for his country and has threatened to several times with eliminating it.

Last July, the Office of the US Foreign Trade Representative reducing the deficit, raising environmental and labor regulations, especially in Mexico;

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