Clock is ticking on NAFTA deal

Clock is ticking on NAFTA deal

Clock is ticking on NAFTA deal

Before entering the USTR building, Freeland told reporters she is "encouraged by the progress the USA and Mexico have made, particularly on cars and labor".

A day after the two neighbours restarted intensive, face-to-face negotiations on NAFTA, both Prime Minister Justin Trudeau and U.S. President Donald Trump expressed optimism a new continental accord could be reached by Friday.

"Canada now appears to be in a near-take-it-or-leave-it situation with respect to spinning the U.S. -Mexico deal into a broader agreement on a revamped NAFTA".

"Some positions have moved since the last time we met face to face and we'll be looking closely at what those changes are and what they mean for Canada", said Freeland, who credited Mexico for making "tough decisions" to compromise on labour as part of its auto rules of origin talks with the U.S.

Mexican Economy Minister Ildefonso Guajardo on why Canada should take part in the trade deal between the US and Mexico.

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The goal is to have the new deal signed by outgoing Mexican president Enrique Pena Nieto before his recently elected successor, Andrés Manuel López Obrador, takes office December 1. Ricketts said Mexico is buying many of its agricultural products from countries such as Russian Federation and Brazil, but Nebraska is well-positioned to grab some of that business once a trade deal is finalized. Trudeau acknowledged the Friday deadline cited by Trump, saying they were pushing toward it but will only sign the "right deal".

He sees Canada under greater pressure to accept US trade terms in light of Trump's renewed threat to slap punishing tariffs on vehicles and auto parts entering his country from Canada.

Mexico's Economy Minister Ildefonso Guajardo said he expected to rejoin his United States and Canadian counterparts for trilateral talks later Thursday of Friday.

Friday is when Lighthizer will send a letter to Congress, which starts a 90-day clock for lawmakers to look over the agreement for ratification.

"I would say that we are concerned about how this negotiation has proceeded". USA demands have ranged from ending those tariffs to scrapping a pricing system for milk ingredients that hurt US exports of milk proteins.

In addition, when asked about the timeline for China, Mnuchin said that the trade disputes are not issues that are going to be resolved in one or two meetings.

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But Trump's trade representative, Robert Lighthizer, told reporters in Washington that the administration plans to push ahead with a U.S. -Mexico agreement, leaving Canada the option of joining in later.

But Washington backed away from a strenuously-opposed provision to require the three nations to renegotiate the trade pact after five years.

Greenwood said an agreement won't be easily reached, as there are multiple obstacles to overcome.

Lopez Obrador, a leftist free-trade skeptic who won a landslide election victory on July 1, said he considered it a good deal for Mexico.

According to USA officials, the deal between the US and Mexico would be created to last for 16 years. What he didn't say is he wants an end to Canada's supply management system. "The appearance of Canada as an irrelevant after-thought in NAFTA is a USA frame designed exclusively to wrestle concessions from the Canadian side", says Adam Taylor.

The American Farm Bureau has said lobbied for a rewrite of NAFTA to eliminate or reduce Canadian tariffs on dairy, poultry eggs and wine, as well as recently implemented barriers to imports of ultra-filtered milk. On Monday, he suggested that the parties might be close to a new framework after more than a year of negotiations.

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