North America Free Trade Agreement | US-Mexico-Canada Agreement
Canada and the U.S. have announced a tentative new trilateral trade deal with Mexico that includes some key concessions on issues of import to both countries — and also a reworked name: the United States-Mexico-Canada Agreement (USMCA).
The Mexican president-elect agreed to the US president’s request for a bilateral agreement while Canadian officials believe Mexico gave up too much in the deal.
Mexico is prepared to advance a bilateral trade agreement with the United States that Canada could join within the next few weeks, a top Mexican NAFTA negotiator said.
Canada and the United States showed scant sign of closing a deal to revamp NAFTA, and Canadian officials made clear Washington needed to withdraw a threat of possible autos tariffs
The United States has backed away from its contentious demands for lucrative procurement projects in the renegotiation of the North American free-trade agreement.
Leaders of three of the nation’s most powerful business groups detailed six priorities they say need to be fulfilled to earn their support for an update of the North American Free Trade Agreement (NAFTA) to get through Congress.
Instead of NAFTA, we need a trade policy that is multi-lateral and mutually-beneficial with countries around the world.
Deal likely needed Thursday for Sept. 30 trilateral deadline. Dispute panels, culture and dairy said to be sticking points.
Mexico is prepared to move ahead with an updated version of the North American Free Trade Agreement that does not include Canada if Ottawa and Washington cannot resolve their differences.
In letter to US Trade Representative, lawmakers say ISDS undermines state sovereignty and lawmaking.
Canada is ready to offer the United States limited access to the Canadian dairy market as a concession in negotiations to rework the North American Free Trade Agreement.
The United States has throughout history been the principal demandeur of maximalist intellectual property, backed by a powerful pharmaceutical lobby.
The two sides have so far been unable to break an impasse over, among other issues, US access to the Canadian dairy market, a cultural exemption for Canada and the Chapter 19 dispute resolution mechanism.
Canada has been under intense pressure to make irreversible concessions affecting a broad range of issues.
Mexico wants to end to a tariff dispute over steel and aluminum with the United States prior to signing off on the reworked trade agreement.
Some 300 farmers from across Canada took to the streets of Montreal to demand the Trudeau government make good on its promise to defend supply management.
Trudeau said Canadians will not sign onto a deal that does not include a dispute resolution mechanism and exemptions for cultural industries.
US-Canada trade talks ended with no deal to revamp NAFTA, and President Donald Trump notified Congress of his intent to sign a bilateral trade pact with Mexico.
Trump’s push to get a deal with Canada is a negotiating tactic and attempt to move something before the new Mexican president takes office.
US and Canada officials continue to meet but there are three key issues to resolve: dairy, intellectual property, dispute settlement.