Mexico sees US-Canada trade deal 'in the coming days'

Mexico sees US-Canada trade deal 'in the coming days'

U.S. President Donald Trump wants to rename NAFTA the 'USMC, ' after the participating countries.

"If that is not possible we are ready to advance bilaterally with the USA the agreement in principle that we closed with the U.S.is positive for Mexico because it preserves free trade and modernizes our trade agreement".

The American leader's latest effort to goad Canada into cutting a deal comes as talks remain stalemated over US access to Canada's heavily protected dairy market and the future of the binding Chapter 19 appeal process for companies hit by anti-dumping or countervailing duties. Mr. Kronby headed Ottawa's Trade Law Bureau before he left government.

"Now, if at the end we see that the scenario - which we don't expect, but can't be ruled out - is that there is not an agreement, Mexico has to take the next step. a bilateral accord, if it's necessary", the minister said. He has repeatedly accused Canada of being "unfair" to the United States, particularly on the dairy file.

Recently, on August 31, Robert E. Lighthizer, Trump's NAFTA negotiator, said in a statement that "today the president notified the Congress of his intent to sign a trade agreement with Mexico - and Canada, if it is willing - 90 days from now". It was expected Ms. Freeland might return on Thursday, but this did not happen. Freeland was due to fly out of Washington on Friday evening, a senior Canadian official said, adding that further minister-level discussions would not likely be held until sometime next week. "It is a continuous negotiation", Freeland said after her second briefing of the day with Trudeau.

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

US trade laws dictate that there is an October 1 deadline to produce the text of a pact that all three nations can sign before the current Mexican government leaves office on November 30.

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But there are still sticky issues for the United States and Canada to work out: an worldwide system for resolving disputes, Canada's protected dairy industry and Canadian cultural subsidies.

"We have seen various deadlines put forward as markers to work for", he said as he wrapped up a Liberal caucus retreat.

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". "We remain focused on what's in the interests of Canadians and what's in the interests of our workers and our country's economy".

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.

The ongoing talks between Canada and the U.S.in Washington D.C. have been making progress, Guajardo told reporters on the sidelines of a business forum.

Canada and the United States are struggling to settle differences over access to the Canadian dairy market and how to resolve trade disputes.

The president called out Canada during the event, accusing the country of saying it is "good friends" with the US yet having bad trade practices.

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