Canada aims to ratify trade deal after lifting of tariffs

AFP  |  Ottawa 

plans to proceed "full steam ahead" on of a free trade agreement with the US and Mexico, Canada's said

Saturday, after the neighbours scrapped reciprocal tariffs on and aluminum imports.

On Friday, US announced the lifting of tariffs on and aluminum imports from and and City also announced the elimination of reciprocal duties.

The steep US tariffs imposed last year -- 25 per cent on and 10 per cent on aluminum -- became a major stumbling block to ratifying a new North American trade pact negotiated last year by the three countries.

With the removal of the obstacle, "our government now intends to move forward with the ratification," of the US-Mexico-Agreement, Freeland said, describing the process as progressing "full steam ahead." However, she did not specify when the deal would be presented to Parliament, which remains in session only until June.

Freeland acknowledged that despite the lifting of the aluminum and steel tariffs, it would be "naive" to think US protectionism is no longer a threat. "Eternal vigilance is required," she said.

Meanwhile, Mexican said Saturday the US move to withdraw tariffs was a "triumph" for

"It was a triumph for the negotiators, a triumph of diplomacy. We even gave a bit of little help to the government of Canada. Not to brag," told reporters in the southern Mexican state of

He stressed that his administration is working toward "free trade, not a trade war.

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

First Published: Sun, May 19 2019. 04:50 IST