Canada sees increasing chance NAFTA deal can be struck this month

September 7, 2018

Canada’s top trade negotiator and her American counterpart started a third day of talks to save the North American Free Trade Agreement on Friday as differences between the two sides appeared to have narrowed.

Foreign Minister Chrystia Freeland repeated her upbeat assessment of the negotiations, again terming them constructive, as she spoke to reporters ahead of talks with U.S. Trade Representative Robert Lighthizer.

The main sticking point in discussions appeared to be Canada’s dairy quota regime, according to White House Economic Advisor Larry Kudlow, who spoke before the start of the meeting to save the three-country pact that covers $1.2 trillion in trade...

A Canadian source, who declined to be named given the sensitivity of the situation, said Canadian negotiators thought it was quite possible the talks would continue until the end of this month.

A U.S. official told Reuters on Thursday that Canada needed to move further on dairy. In its recent trade deal with the European Union, Canada made concessions on dairy imports...

This was excerpted from 7 September 2018 edition of Reuters.

Topic(s)

Trade Agreements

Information source

Canadian News Channel

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