U.S. businesses fear NAFTA doomed; Mexico warns of consequences

Trudeau his wife Sophie and Senior White House Advisor Ivanka Trump sit together at the 2017 Fortune magazine
Trudeau his wife Sophie and Senior White House Advisor Ivanka Trump sit together at the 2017 Fortune magazine
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13 Octubre, 2017

"We have a tough negotiation and it's something that you will know in the not too distance future".

Trudeau and Trump are to meet at the White House as round four of talks to revamp the North American Free Trade Agreement get underway a few kilometres away in Arlington, V.A.

Shortly after Videgaray was sacked for his perceived closeness to Trump, Trump won the US election, and Videgaray - the only senior Mexican politician who had any relationship with the new USA leader - returned to cabinet with a promotion to foreign minister.

"It's possible we won't be able to make a deal, and it's possible that we will", he said.

"What we saw in round 3 in Ottawa was really the start of the USA putting forward very aggressive positions".

On Thursday, Mr. Trudeau will make his first first official visit to Mexico to talk trade with President Enrique Pena Nieto. "But I've been opposed of NAFTA for a long time in terms of the fairness of NAFTA".

"I continue to believe in NAFTA; I continue to believe that as a continent working together in complementary ways is better for our citizens and better for economic growth, and allows us to compete on a stronger footing with the global economy", Trudeau said. They include rules of origin, which govern how much of a product must be made in Nafta countries to get its benefit; dispute settlement processes such as Chapter 19, favored by Canada and targeted for elimination by Trump; sanitary controls; medical and pharmaceutical rules; and technical barriers to trade.

The proposal came during a meeting at the White House between the two leaders and eight of their most senior advisers.

President Trump said if the three countries can not come to a deal, he's open to a brand new agreement with just Canada or Mexico.

Mr. Trump mused publicly again about pulling out of the North American free-trade agreement, setting the stage for an unpredictable week in Washington.

"We are very aware that there are other potential paths out there", Trudeau said, when pressed on a possible collapse of talks.

"There are several poison pill proposals still on the table that could doom the entire deal", Donohue said at an event hosted by the American Chamber of Commerce of Mexico, where he said the "existential threat" to NAFTA threatened regional security.

Trudeau said that he and Trump had discussed the Boeing-Bombardier dispute, which just this week saw the USA slap further import duties on Canadian plane maker Bombardier's new CSeries planes. "It would not be the end of the world". -Mexican relations and affect bilateral co-operation in other areas. "There would no doubt be the necessary cooperation for our own interests, but there wouldn't be any volunteering of support for things that go beyond what our own national security requires". Reed said Trudeau was amenable to changes that could help NY farmers and wineries. It's not clear what would happen after that. Ujczo said it's a possibility that the Trump administration is counting on that.

The Canadian government and Bombardier accused Boeing of manipulating the U.S. trade remedy system to try to prevent a new competitor from selling in the key United States aviation market.


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