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Canada May Rejoin NAFTA Talks this Week

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Canada could rejoin the North American Free Trade Agreement talks by the end of this week, according to Politico. The move is a positive sign that the U.S. and Mexico could begin wrapping up their end of the deal quickly, paving the way for the U.S. to pivot towards negotiating with Canada. For weeks, Canada has been on the sidelines of the talks as the U.S. and Mexico engage in negotiations.

However, Canada has remained out largely since many issues being discussed are simply topics, such as labor, that Canada does not need to be included in. The U.S. and Mexico are eager to wrap up their sides of the negotiations, with both nations seeing a quick agreement as a political win, before the U.S. midterm elections and before a new President take office in Mexico.

In a cabinet meeting last week, President Trump said, “As far as Mexico and Canada…we’re not negotiating with Canada right now. Their tariffs are too high. Their barriers are too strong. So we’re not even talking to them right now. But we’ll see how that works out. It will only work out to our favor.”

Source: NAFB News Service