NAFTA Talks To Resume This Week

NAFTA Talks To Resume This Week

But a leader of this country's main milk-producing lobby group said Monday his industry has given enough in previous trade deals and will not tolerate more concessions.

The two nations remain at odds over a handful of core issues.

U.S. President Donald Trump said at the White House that trade talks with Canada were going well and that Ottawa wants to make a deal.

Trudeau, whose federal Liberal government relies on support from Ontario and Quebec where most dairy farmers live, has said he will defend Canada's dairy industry, without giving details.

Lighthizer has already forged a sweeping agreement with Mexico to update NAFTA.

"Without Chapter 19, NAFTA is utterly useless as it would subject Canada and Mexico to the vagaries of the USA political system and its courts when determining trade policy actions", said Derek Holt, vice-president at Scotiabank Economics, in a note recently.

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Chrystia Freeland, the Canadian Minister of Foreign Affairs, has confirmed to reporters that NAFTA talks are resuming on Tuesday morning.

Under that system, the US exports about $500 million of dairy products duty free to Canada - three times what it imports from here - but faces tariffs of up to 300 per cent for anything more.

They include anti-dumping dispute panels contained under Chapter 19 of the current deal, which the USA wants to remove and Canada wants to keep, and Canada's protected dairy sector, which isn't in the current deal but where the US wants concessions.

Even Prime Minister Trudeau suggested in an interview a week ago Canada was willing to bend on dairy. But as an October 1 deadline to renegotiate NAFTA looms, Canada is prepared to offer similar concessions on the dairy industry to those that it agreed to in free trade deals with the European Union and Pacific Rim nations, the sources said.

Meanwhile, despite the "several" issues still in dispute, there is strong will on the US side, especially, to wrap up the talks by Friday, trade lawyer Dan Ujczo said Monday. Another point of contention is cultural industries, where Canada is seeking to preserve an exemption. Intellectual property and pharmaceutical patents are among other issues. "That's what I would do".

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