A Mexican official told CNBC on Monday that trade talks with the U.S. have wrapped up, adding that an announcement could come later in the day.

Officials were in Washington trying to hammer out the details as the Trump administration pushes to remake the 1994 agreement between the U.S., Mexico and Canada. There was some hope that a new NAFTA could be solidified before Mexico’s government turnover on December 1.

The comment from the Mexican official comes just a day after Mexican Economy Minister Ildefonso Guajardo said the two sides were likely “hours” away from reaching a deal. “We’ve continued making progress,” Guajardo told reporters.

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