Canada, US reach NAFTA deal: Report

AFP
Ottawa, ON, Canada Published: Oct 01, 2018, 07.49 AM(IST)

Canadian Prime Minister Justin Trudeau speaks at the US Chamber of Commerce, March 31, 2016 in Washington, DC. Photograph:( Reuters )

Canadian and US negotiators reached a deal late Sunday on reforming the North American Free Trade Agreement (NAFTA), Canadian media reported.

CTV cited a high-level American source as saying the two sides had reached an agreement and that a joint statement was expected.

Another Canadian channel, CBC, said a "senior source" confirmed that a deal had been reached on significant sections of a new NAFTA.

Word of an agreement followed an emergency cabinet meeting called by Canadian Prime Minister Justin Trudeau at 10:00 pm (0200 GMT) -- two hours ahead of a midnight deadline for getting the text of a revised agreement to the United States Congress.

US President Donald Trump triggered a review of the 1994 trade pact and talks between the US, Canada and Mexico began last August, after Trump called it "one of the worst trade deals in history."

Read in App