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Canadian Prime Minister Justin Trudeau has suggested that ongoing negotiations with the United States on a new North American Free Trade Agreement (NAFTA) will continue, with representatives from both governments in New York for the Assembly. United Nations General Assembly.
Although Trudeau stated that the official meetings had not been scheduled, his team and his American counterparts were "very likely" to hold informal discussions on the sidelines of the US meeting.
"Of course, many of our negotiators, including many teams, will be in New York at the same time [means] it is very likely that the conversations will continue in a constructive but less formal way, "the prime minister told reporters on Sunday, Reuters reported. However, Trudeau also reiterated his consistent position that he would not sign a bad deal with NAFTA.
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Mexico and the United States reached a new agreement with NAFTA at the end of August. At the time, Mexican officials optimistically suggested that further discussions with Canada could take another week to define the details. But so far, Washington and Ottawa have failed to resolve. Negotiations with the Canadian market for protected dairy products, to which the United States wants more access, have failed.
According to Financial positionOttawa negotiators also fought a Mexican-agreed provision that would force Canadian drug producers to wait years longer to create cheaper generic copies of new drugs from US companies. Tensions have also arisen over Washington's warnings of potential new tariffs, which Ottawa has asked to be canceled.
President Donald Trump has already stated that every time a disagreement arises during negotiations, he shows Canadians "an image of a Chevrolet Impala" produced in an Ontario factory.
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While discussions seemed to be interrupting, the United States imposed a deadline of September 30 for Canada to accept a new agreement. Earlier this month, Mexican officials also said they were ready to sign a new trade treaty with or without Canada.
"We hope that the United States and Canada will soon conclude their bilateral negotiations. If that is not possible, we are ready to move bilaterally with the United States, "wrote Kenneth Smith Ramos, director of the trade and NAFTA office at the Mexican Embassy.
At a recent fundraiser, President Donald Trump told attendees that he wanted to rename NAFTA in USMC, with "C" for Canada, according to The Wall Street Journal. However, the president added that the name could be changed to "USM" if Canada does not accept the terms of the treaty.
Canadian Foreign Minister Chrystia Freeland and US Trade Representative Robert Lighthizer, who chaired the negotiations and are expected to travel to New York on behalf of the US assembly, have failed. to find a solution after their meeting in Washington last Thursday.
If Canada and the United States fail to reach an agreement by Sunday, Trump will be forced to enter into a bilateral agreement with Mexico or postpone the deadline in the hope of reaching a new trilateral treaty . However, as reported by Axios, an agreement between Mexico and the United States may have trouble going through a "very skeptical Congress."
The NAFTA Pact has existed since 1994 and has increasingly integrated the US, Mexican and Canadian economies. The treaty served as the guiding policy behind the $ 1.2 billion in annual trade between the three countries.
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