Economy

NAFTA Talks To Resume This Week

NAFTA Talks To Resume This Week

Freeland will head back to Canada for government business and to report to Canadian Prime Minister Justin Trudeau what transpired during the day's talks and where the negotiations stand.

"At the end of the day, we're neighbors - and at the end of the day, neighbors help each other when they need help", she said.

With the Mexico deal in hand, and Trudeau publicly indicating that Canada's red-line issues are Chapter-19 and cultural industries, the Americans have considerable leverage, he added.

U.S. President Donald Trump has threatened to push ahead with a bilateral deal with Mexico, effectively killing the nearly 25-year-old three-country NAFTA pact, which covers $1.2 trillion in trade. Lighthizer did not speak to the press or issue a statement.

"There is not going to be a deal - period - unless there is a compromise in that area because that is what he campaigned on and it's stuck to him and he's stuck with it", Mulroney said.

The two sides have so far been unable to break an impasse over, among other issues, US access to the Canadian dairy market, a cultural exemption for Canada and the Chapter 19 dispute resolution mechanism.

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Trudeau replied, "Sorry to disappoint, but we continue to work hard and we are positively optimistic that we can get a win-win-win for all three countries". Free Trade Agreement, said Tuesday he expects a NAFTA deal can be reached. Eares are on the ground for USA and China developments but at the fore again was the NAFTA negotiations.

"Maybe that helps us all put into perspective the negotiations that we're having and put into historical significance the relationship between Canada and the United States", Freeland said.

As the two nations' chief negotiators prepared to resume their talks in Washington Tuesday, dairy producers suggest this deal is a line in the sand for them. The governing Liberal Party is holding its caucus retreat in Saskatoon on Wednesday and Thursday and it's not known whether Ms. Freeland will pause negotiations after Tuesday to head to the caucus meeting.

So far, Canada has been unable to obtain a guarantee from the United States that Canadians would not be hit with punitive US auto tariffs if Ottawa agrees to a new NAFTA deal with Washington. "We remain focused on what's in the interests of Canadians and what's in the interests of our workers and our country's economy".

"Many have seen this market over the last few decades, from an American point of view, as just being off the table", Reed said in an interview with Global's "The West Block" that aired Sunday morning. His announcement came with an ultimatum for Canada - join the U.S. -Mexico pact or suffer the consequences of punishing American tariffs on the auto sector.

The hope is for a trilateral agreement in principle that Congress can approve before Mexico's new president takes office on December 1.


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