Tag Archives: NAFTA

Canada, US reach deal to save NAFTA

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MNA Business Desk: The United States and Canada reached a deal on Sunday to salvage NAFTA as a trilateral pact with Mexico, beating a midnight deadline with agreements to substantially boost American access to Canada’s dairy market and protect Canada from possible US auto tariffs, reported news agency. President Donald Trump had threatened to splinter the nearly 25-year-old North American Free Trade Agreement into a bilateral pact with Mexico and tax Canadian vehicle exports to the United States if Ottawa had failed to sign on before a midnight Sunday. But Trump has approved the “framework” deal with Canada, a source ...

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Canadian FM postpones UN address to focus on NAFTA

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MNA Business Desk: Canadian Foreign Minister postponed her country’s 2018 address to the United Nations General Assembly to work on ongoing talks with US regarding the North American Free Trade Agreement (NAFTA), the government said Saturday. For the past month, Canada has been locked intense discussions with the United States to reach common ground on revamping NAFTA after Mexico and Washington said they had reached a deal on Aug. 27. Mexico on Friday said the US Trump administration and Canada were making efforts to resolve their differences, raising hopes the pact could be kept trilateral. Foreign Minister Chrystia Freeland spokesman ...

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US, Canada making progress on NAFTA talks

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MNA Business Desk: Canada’s Foreign Minister Chrystia Freeland on Wednesday said the US and Canada are making “good progress” on the revision of the continental free trade deal but talks will continue to resolve remaining issues. As the neighbors try to salvage the North American Free Trade Agreement as a three-country deal, Prime Minister Justin Trudeau warned he would stand firm on key issues as he questioned Donald Trump’s respect for trade rules, reports news agency. Amid the charged political atmosphere, dogged by Trump’s repeated threats to leave Canada out of the revised NAFTA, Freeland said she believes “a deal ...

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Mexico hopes to resolve NAFTA talks

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MNA Business Desk: Mexico’s Economy Minister Ildefonso Guajardo said US and Mexican negotiators are making progress and could resolve remaining issues to revamp the North American Free Trade Agreement by next week. Once the two nations iron out the pending differences, Canada could then rejoin the discussions, he told reporters following a meeting with US trade officials. “Hopefully we will be able to close up no later than the middle of the week the remaining issues and probably there will be space to start the trilateral,” he said, reported news agency. Guajardo has been leading a delegation to Washington for ...

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US, Mexico, Canada to talk on NAFTA

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MNA International Desk: President Donald Trump will have the chance to turn a key campaign promise into reality with this week’s start of official talk to renegotiate the North American Free Trade Agreement (NAFTA). After threatening during the campaign to rip up the agreement, Trump has softened his stance a bit and spoken more recently of renegotiating the agreement as the most efficient course for the US, Canada and Mexico. But talks to redo the controversial 1994 agreement, which eliminated trade barriers among the three countries, are expected to be thorny. The first round takes place from Wednesday to Sunday ...

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