Tuesday, September 25, 2018Canada's Leading Online Business Magazine

NAFTA Deal Still Possible

CHRYSTIA Freeland

CBJ — In light of the new U.S-Mexico trade agreement Canadian Prime Minister Justin Trudeau says it may be possible to reach a deal on NAFTA ahead of U.S. President Donald Trump’s Friday deadline.

“We recognize that there is a possibility of getting there by Friday, but it is only a possibility, because it will hinge on whether or not there is ultimately a good deal for Canada.” he said at a press conference in northern Ontario. “No NAFTA deal is better than a bad NAFTA deal,” says Trudeau.

Canadian Foreign Affairs Minister Chrystia Freeland has resumed high-level talks to renegotiate NAFTA as a U.S.-imposed Friday deadline looms.

Asked if a deal could be reached by Friday, Freeland said: “You’re tempting me to say something Churchillian — is this the end of the beginning, is this the beginning of the end? Let me just say a lot has been accomplished.”

Freeland said she is encouraged by the progress made in talks between the U.S. and Mexico, particularly on the autos front where the countries agreed to a wage provision that 40 to 45 per cent of auto content would be made by workers earning at least $16 US an hour.

@CanBizJournal

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