Canada-US trade talk is set to resume today. Ahead of that, Canadian Prime Minister Justin Trudeau appears to be firm on his negotiation stance. He reiterated that “No NAFTA is better than a bad NAFTA deal for Canadians and that’s what we are going to stay with.” And to him, “there are a number of things we absolutely must see in a renegotiated NAFTA.”
One of them is the Chapter 19 dispute resolution mechanism, which Trump is keen to scrap. Trudeau said “we will not sign a deal that is bad for Canadians, and quiet frankly, not having a Chapter 19 to ensure the rules are followed would be bad for Canadians.”
Separately, Mexican Economy Minister Ildefonso Guajardo said he hope there will be “white smoke” for this Friday, as there will be an agreement between the US and Canada. That would pave the way to completing the original trilateral NAFTA.
