Obama and Calderón met today. Most of the details are not too remarkable, but I was struck by Obama's use of the word "upgrade" for NAFTA. I don't know what it means in this context, and neither does the Mexican government:
"We don't know what the upgrade means. ... We want to listen and set the tone for a great relationship," said a Mexican official familiar with Monday's talks who spoke on condition of anonymity.
Further, Obama suggested creating a "consultative group" to discuss NAFTA and a few other things.
My immediate thought was that vague words like "upgrade" combined with putting together some sort of commission rather than just making a decision suggests that NAFTA will stay exactly the way it is for the foreseeable future.