The U.S. is near an informal NAFTA deal with Mexico, though a Mexican official said all three sides would need to be present on a handshake.

The U.S. Trade Representative office is saying there is no deal yet, however, and there are still major issues to work through. But a Mexican official said the issues could be worked out within hours. Negotiators had hoped to seal up an agreement by the end of the week.

There is hedged optimism on that front. Mexico’s economy minister said all three sides — Mexico, the U.S. and Canada — would need to be present for even a handshake deal.

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