Thursday, 13 December, 2018


US, Canada likely to conclude NAFTA talks this weekend

US, Canada likely to conclude NAFTA talks this weekend US, Canada likely to conclude NAFTA talks this weekend
Conrad Doyle | 30 September, 2018, 04:11

Trump then reiterated his threat to slap punitive tariffs on Canadian auto imports to the US, a tactic experts on both sides of the border have warned would devastate the industry.

A spokesperson for Trudeau told CTV News that "no meeting was requested".

Sunday is the non-binding deadline the USA has imposed on Canada before it publishes the text.

The prime minister made the comment a day after Trump told reporters that he had rejected a request for a meeting with Trudeau to discuss the ongoing renegotiation of the North American Free Trade Agreement.

"I think we'll get there in the end". He said both that there's a "good chance still" that the USA and Canada will reach a deal, but also that "probably or possibly" they won't.

Trump cast serious doubts on the negotiations.

The flags of Canada, Mexico and the USA are seen on a lectern before a joint news conference on the closing of the seventh round of NAFTA talks in Mexico City, Mexico, March 5, 2018.

Earlier, the president-elect of the mexican Andres Manuel Lopez Obrador had assured him that there was no deadline in the trade negotiations between Canada and the United States on the modernisation of the agreement.

On Thursday, the us Treasury secretary Steven Mnuchin said that the Congress was ready to approve the agreement with Mexico alone, while forming "hope" an agreement is always possible with the Canada.

Canada's spot on the list of speakers has been moved to Monday, Canada's United Nations mission said.

Foreign Affairs Minister Chrystia Freeland postponed her marquee United Nations speech Saturday as negotiators on both sides of the Canada-U.S. border continued their full-court press for a breakthrough on a North American free-trade deal.

"The U.S. knows what they need to do to get a deal, so it's really up to them", said one, speaking on condition of anonymity given the sensitive nature of the talks. Wyden is from OR, a state that trade more with Canada than Mexico.

The text needs to be published by late Sunday night - 60 days ahead of a November 30 deadline for President Donald Trump and Mexico's president, Enrique Pena Nieto, to sign the deal before a new Mexican president takes office on Dec 1.

He has not ruled out the possibility of signing bilateral agreements with the United States and Canada, in the absence of a compromise for a trilateral agreement.

"The clock is ticking on Canada", he said on Saturday.

Canada is the second-biggest trading partner of the US, and Mexico is the third.

U.S. Trade Representative Robert Lighthizer will publish NAFTA documents around the same time, according to a person familiar with the plans, who asked not to be identified because the schedule isn't public.

The U.S. -Mexico deal would increase to 75 percent from 62.5 percent the share of each vehicle that must be produced in the United States to qualify for duty-free treatment.

The Canadians were "very badly treated" the United States in commercial matters, complained Wednesday to the u.s. president Donald Trump at a press conference on the sidelines of the Un general Assembly in NY. It would also require automakers to use more local steel and other materials in their vehicles and establish a separate mandate for production in factories paying an hourly wage of at least $16, which will boost output in the USA and Canada.

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