MEXICO CITY Anthony Averett Hat , Sept. 4 (Xinhua) -- The renegotiation of the North American Free Trade Agreement (NAFTA) is still at a "very early stage," and cannot be assessed yet, Mexico's Confederation of National Chambers of Commerce (Concanaco) said Monday.
"They are starting to move some topics, but still at the initial stage of proposals, analysis and possibilities," Concanaco's President Enrique Solana told reporters, as he was leaving the hotel hosting the second round of talks in Mexico City.
"There is still time to go before there can be news on the matter. Right now Orlando Brown Jr. Hat , they are revising, talking and adjusting. They are warming up their engines. It's too soon to say how the talks are going," added Solana.
The three-way talks among Mexico, Canada and the United States, which began with a first round held in Washington in August, aim to update the 1994 trade deal, at the request of the United States.
The United States considers Mexico is unfairly benefiting from the agreement in several areas Maxx Williams Hat , including by artificially keeping wages low, which attracts industry owners but lures jobs away from American and Canadian workers.
The United States also wants to amend rules of origin so that NAFTA goods that benefit from tariff exemptions include a higher percentage of components made in North America, another demand Mexico is resisting.
Recent statements by U.S. President Donald Trump, which suggest that his country withdraw from the deal, have made Mexico somewhat nervous, though officials view them as a negotiating tactic.
Concanaco, which represents chambers of commerce Ronnie Stanley Hat , services and tourism, is particularly interested in the subject of e-commerce and its inclusion in an updated NAFTA.
On Tuesday, the second round will move into high gear with the presence of lead negotiators, including Mexican Economy Minister Ildefonso Guajardo, U.S. Trade Representative Robert Lighthizer and Canadian Foreign Affairs Minister Chrystia Freeland, said Solana.
North America accounts for a fourth of global gross domestic product (GDP), according to the American Chamber of Commerce in Mexico.
Talks are expected to continue till the end of this year.
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WASHINGTON, Sept. 13 (Xinhua) -- Even if U.S. President Donald Trump hits his growth target of 3 percent in the next two years, only stock market may be cheering, Harvard professor Kenneth Rogoff has said.
"The stock market may care only about the growth rate, but most Americans should be very concerned about how growth is achieved," said Rogoff Mark Andrews Hat , a renowned Harvard economist and former Chief Economist of the International Monetary Fund (IMF), in an article published by Project Syndicate this week.
Trump has boasted that his policies would bring about a sustained growth rate above 3 percent.
U.S. gross domestic product (GDP) grew at an annual rate of 3 percent in the second quarter of this year, according to the revised data of the Commerce Department. The growth rate for the first half of this year stands at 2.1 percent.
"Given this performance, getting to 3 percent annual growth would hardly be a miracle," said Rogoff.
"So, yes, Trump just might get his growth number Hayden Hurst Hat , especially if he finds a way to normalize economic policymaking. But even if the U.S. hits the 3 percent target, it might not be the panacea the Trump hopes it will be," he added.
Rogoff said that faster growth is unlikely to reverse the current trend toward inequality. And rich people are more likely to harvest the benefits of a faster economic growth rate.
"There is no reason to presume that owners of capital will not continue to be the main beneficiaries."
"Policies that produced more broadly shared and environmentally sustainable growth would be far better than policies that perpetuate current distributional trends and exacerbate many Americans' woes," he added.
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MAIMANA, Afghanistan Justin Tucker Hat , Sept. 23 (Xinhua) -- About 10 militants were killed and four others wounded in Afghanistan's northern province of Faryab, a local official said Saturday.
Afghan forces conducted a military operation late on Friday in Almar district of the province, leaving 10 militants, including two local Taliban insurgents' leaders, Baluch and Mubashir dead and four others wounded, Sayed Sarwar Hussaini, spokesman of police 707 Pamir Zone based in the region Terrell Suggs Hat , told Xinhua.
The strategic site of Bukhari Qala, which was under the Taliban control over the last several months have been retaken from the insurgents, he said.
The Taliban had not commented on the incident.
Fighting has escalated in Afghanistan as the Taliban insurgency spreads from its traditional strongholds in the south and east to the once peaceful region in the north, where the militants have been recruiting from among the youth.
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