Sunday, 18 November, 2018

US, Canada to resume Nafta talks

US, Canada to resume Nafta talks US, Canada to resume Nafta talks
Nellie Chapman | 14 September, 2018, 13:25

Mulroney, the former prime minister widely considered the father of the modern era of North American free trade, held court Tuesday in Ottawa on the fate of the intercontinental trade pact as talks to modernize NAFTA resumed on the anniversary of the September 11 terrorist attacks.

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. "The longer term is not almost as clear", said Ekos pollster Frank Graves."Trade wars are never good for the respective combatants and if this escalates it could have very deleterious economic impacts".

Negotiations have stretched on for 13 months so far and are stalled on a number of issues including dispute resolution, cultural protection, and how much access American farmers should have to the Canadian dairy market.

"I don't think President Trump will go to the mat over Chapter 19".

Trudeau has said Canada could be willing to be flexible on dairy.

"The conversations over the weekend continued to be constructive and productive", she said.

Freeland and her counterpart, U.S. Trade Representative Robert Lighthizer, left the bargaining table Friday without a deal. "That I know for sure, right from the horse's mouth".

The renegotiation of the North American Free Trade Agreement continued on Tuesday, as Canadian Foreign Minister Chrystia Freeland sat down with United States trade officials and struck a positive tone, speaking with reporters. Freeland said she would meet with Lighthizer when negotiators found issues that needed to be elevated to the ministerial level.

A spokesman for Freeland said on Monday that no decisions on whether she would return to Washington later this week had been made.

Canada's main stock market started the week down for seventh-straight day amid an off-day for any headlines on NAFTA as negotiations are set to resume Tuesday. "That's important and that's been a success due to Canada and the United States working together and due to Mexico showing some significant flexibility over the summer", Freeland said.

She pointed to the 17th anniversary of the 9/11 attacks as a reminder of the need for close cooperation between Ottawa and Washington.

He and other American politicians have long demanded Canada's system of domestic dairy protections either be abolished or heavily modified to give United States exports a bigger share.

US officials say time is running out to reach a deal that the current Congress can vote on.

U.S. President Donald Trump said at the White House that trade talks with Canada were going well and that Ottawa wants to make a deal.

Trump has raised pressure on Ottawa, threatening to impose duties on Canadian auto imports, which Trudeau said would be "devastating" for the Canadian auto sector.

"There is no question Canada and Mexico are going to get a haircut and the best you can hope for when you get a haircut is that it looks stylish", Mr. Ujczo said.