NAFTA talks with Canada going very well, says Trump

IANS  |  Washington 

US on Wednesday said that negotiations with to incorporate it into the revised North American Free Trade Agreement are going "very well", and he revealed that he spoke this week with Canadian

"They (Canada) want to be part of the deal, and we gave until Friday and I think we're probably on track. We'll see what happens," Trump told reporters.

In addition, the US leader said that on Tuesday he took a telephone call from Trudeau, with whom he had a "good" conversation about the treaty.

Trump had set Friday as the deadline for the three countries to achieve an agreement in principle on a revised pact, warning that he might move forward with a bilateral deal with and impose tariffs on if did not accede to revised trade terms.

Two days ago, the US and reached a preliminary trade agreement to reform NAFTA and Trump said that although he hoped that Canada would join he was ready to proceed with just a bilateral pact with

This rapid - if preliminary - agreement motivated Canadian to travel on Tuesday to to bring her country back into negotiations with US Trade and Trump and

At the door to Lighthizer's office, Freeland on Wednesday emphasized to reporters that the two countries are working extremely intensively in their talks.

"When it comes to specific issues, we have a huge amount of work to do," she said, although she added that she was optimistic about the progress achieved so far.

Meanwhile, acknowledged on Wednesday that there is a "possibility" that an agreement could be concluded on Friday if it would be "good" for his country, although he warned that "No NAFTA deal is better than a bad NAFTA deal."

NAFTA - a pact among the US, Mexico and Canada in place since 1994 - encompasses $1 trillion in annual trade among the partners, although Trump has called it a job-killing "disaster" for the US and has demanded that it be renegotiated.

--IANS

qd

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, August 30 2018. 07:06 IST