Published

Canada Says It’s Eager for NAFTA Deal

  Canadian Foreign Minister Chrystia Freeland says she is “very, very keen” to reach agreement on revisions to the North American Free Trade Agreement.
#economics

Share

Canadian Foreign Minister Chrystia Freeland says she is “very, very keen” to reach agreement on revisions to the North American Free Trade Agreement.

The talks, now in their 12th month, appeared to stall two months ago. But last week the U.S. and Mexico held constructive bilateral negotiations in a reported effort to reach agreement on a two-way deal by as soon as the end of August.

President Donald Trump, who initiated the NAFTA renegotiation, has threatened to abandon NAFTA entirely if results don’t come soon. Last week he suggested that the U.S. might focus on an agreement with Mexico now and resume talks with Canada later.

Freeland emphasizes that NAFTA is a three-way agreement. But she also tells reporters there are certain bilateral trade elements to discuss between each of the countries. She says Canada welcomes the bilateral talks between the U.S. and Mexico.

RELATED CONTENT

  • On Quantum Navigation, EVs, Auto Industry Sales and more

    Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.

  • China and U.S. OEMs

    When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.

  • Report Forecasts Huge Economic Upside for Self-Driving EVs

    Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.

Gardner Business Media - Strategic Business Solutions