Washington | Reuters — The United States drew a hard line for renegotiating the North American Free Trade Agreement on Wednesday, demanding major concessions aimed at slashing U.S. trade deficits with Mexico and Canada and boosting U.S. content for autos. At the start of talks in Washington, U.S. President Donald Trump’s top trade adviser, Robert […] Read more
U.S. takes tough lines as NAFTA negotiations begin
Prairie grain growers have a big stake in NAFTA talks
Trade deal has produced great benefits and can be made even better
Reading Time: 3 minutes The North American Free Trade Agreement has been a boon for Canadian agricultural producers, facilitating cross-border trade and commerce, and fuelling the economic performance and growth of this highly export-driven sector. It has achieved this mainly through the continued reduction of tariffs on agricultural goods, but also through measures addressing non-tariff trade barriers, sanitary and […] Read more
Canada, Mexico urge quick NAFTA talks to end uncertainty
Washington/Ottawa | Reuters — Top Canadian and Mexican diplomats expressed optimism on Thursday that a NAFTA deal could be reached early next year and cautioned that widespread uncertainty over the future of the three-way trade agreement had slowed business investment. Mexican sources say the plan is to hold seven rounds of talks at three-week intervals, […] Read more
NAFTA dispute resolution mechanism critical, Canada says
Ottawa | Reuters — Canada believes it is critical for NAFTA to have a dispute resolution mechanism, a senior official said on Tuesday, setting up a potential clash with Washington when talks to renegotiate the pact begin. The U.S. on Monday released its goals for the talks, which aim to update an agreement that came […] Read more
EU, Japan officials seal trade agreement
Brussels | Reuters — Japan and the European Union should agree on Thursday to a free trade pact that could be completed within months, after senior officials removed final snags to a political deal intended as a signal to U.S. President Donald Trump. “We ironed out the few remaining differences,” European Trade Commissioner Cecilia Malmstrom […] Read more
Cheese and drugs wrangle holds up EU-Canada trade deal
Brussels | Reuters — Disputes over cheese and pharmaceuticals are holding up the start of a EU-Canada free trade agreement that both sides have championed as a landmark deal for open markets against a protectionist tide. The Comprehensive Economic and Trade Agreement (CETA) has received all the clearances required for it to enter force provisionally, […] Read more
Trump administration triggers launch of NAFTA renegotiations
Washington | Reuters — The Trump administration on Thursday formally launched its effort to renegotiate the North American Free Trade Agreement with Canada and Mexico to try to win better terms for U.S. workers and manufacturers. With a letter to U.S. lawmakers, U.S. Trade Representative Robert Lighthizer said he triggered a 90-day consultation period with […] Read more
As Italy seeks pasta labels, Canada worries about durum sales
Winnipeg/Rome | Reuters — Italy has this week formally asked the European Commission to allow it to require country-of-origin labels on pasta sold there, raising alarms for Canadian durum wheat exporters who fear the move will dampen sales. Italian Agriculture Minister Maurizio Martina said on Twitter on Monday that Italy had sent a decree to […] Read more
Pacific trade pact nations meet to discuss future without U.S.
Ottawa | Reuters — Negotiators from the remaining members of the Trans-Pacific Partnership (TPP) gathered in Canada on Tuesday seeking ways to boost free trade in the region after the U.S. pulled out of the 12-nation pact. The withdrawal killed off years of negotiations and left the region looking for ways to deepen economic ties […] Read more
Trump tells Canada, Mexico he won’t terminate NAFTA treaty yet
Washington | Reuters — U.S. President Donald Trump told the leaders of Canada and Mexico on Wednesday that he will not terminate the NAFTA treaty at this stage, but will move quickly to begin renegotiating it with them, a White House said. The announcement came after White House officials disclosed that Trump and his advisers […] Read more
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