Mexican Media Brands
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
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.
-
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.