Canada, U.S. deadlocked as Mexico rejoins NAFTA talks

Canada, U.S. deadlocked as Mexico rejoins NAFTA talks

Canada, U.S. deadlocked as Mexico rejoins NAFTA talks

Mexico said Wednesday it was optimistic the U.S. and Canada would reach a trade deal "in the coming days", as its top North American trade negotiator and foreign minister jetted to Washington.

Prime Minister Justin Trudeau said Canada is not focused on a North American Free Trade Agreement (NAFTA) name-change Thursday in response to a report that U.S. President Donald Trump has a new name in mind.

Canada and the US are now negotiating the terms of their trade agreement after missing a Trump-imposed deadline August 31.

"We are really in a continuous negotiation phase", Freeland said.

Canadian and USA officials have been meeting this week in Washington in search of a breakthrough on trade.

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He says, "Canada does not want to agree with the United States on the administrative panels for settling trade disputes". The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy.

However, the president claims he will drop the "C" from the name if the USA and Canada don't agree to terms. Washington charges that Canadian lumber unfairly undercuts prices on US lumber.

For its part, Canada has used the provisions of NAFTA's dispute resolution mechanism to defend its lumber exports to the United States.

Canada and the United States hit pause on NAFTA talks this week after a meeting between Foreign Affairs Minister Chrystia Freeland and U.S. Trade Representative Robert Lighthizer in Washington on Tuesday.

"We have seen various deadlines put forward as markers to work for", he said as he wrapped up a Liberal caucus retreat. Whether Congress is prepared to accept a bilateral deal remains to be seen.

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Smith Ramos did not give a specific deadline, however, the Mexican administration wants the trade talks dealt with before their next government is sworn in in December.

However, Iowa Senator Chuck thinks a tri-lateral agreement will have a better chance at making it through Congress.

Trudeau's comments came at the end of a caucus retreat aimed at plotting strategy for next week's resumption of Parliament and laying the ground work for the run up to next year's federal election. "That's the compromise I would expect".

The president has repeatedly threatened to leave Canada out of the final deal and already formally notified Congress about the bilateral agreement with Mexico.

The Wall Street Journal reported Thursday that Trump mused about renaming the trade pact "USMC" - with "M" referring to Mexico and "C" for Canada - based on his disdain for the NAFTA moniker.

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Trudeau said he has given little thought to the name of a renewed trade agreement, focused instead of "a broad range of issues" in talks that "will have a direct impact on Canadians' jobs, on our economic growth and our prospects".

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