U.S. to move ahead with Mexico trade pact

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The United States President, Donald Trump has notified the U.S Congress of his intent to sign a bilateral trade pact with Mexico as the U.S.-Canada trade talks ended with no deal to revamp the North American Free Trade Agreement.

After four intensive days of talks in Washington between Canada and the United States, the biggest sticking points were familiar ones: U.S. demands for more access to Canada’s closed dairy market and Canadian insistence that a trade dispute settlement system be maintained, not scrapped as Washington wants.

“For Canada, the focus is on getting a good deal, and once we have a good deal for Canada, we’ll be done,” the country’s Foreign Minister, Chrystia Freeland, told a news conference.

All three countries have stressed the importance of NAFTA, which underpins $1.2 trillion in regional trade.

It would be recalled that a bilateral deal announced by the United States and Mexico on Monday had paved the way for Canada to rejoin the talks this week.

U.S. and Canadian trade officials set plans to resume their talks next Wednesday September 5, 2018 with the aim of getting a deal all three nations could sign.

Peace PIAK