Will sign NAFTA deal only if it is good for middle class Canadians: PM Trudeau 

WION Web Team
Washington, DC, USA Published: Aug 29, 2018, 07:00 AM(IST)

File photo. Photograph:( AFP )

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Mexico's President-elect Andres Manuel Lopez Obrador has assesrted that NAFTA should remain a trilateral deal.

Canada and the United States on Tuesday officially resumed talks to revamp the NAFTA trade agreement with PM Trudeau declaring that his country will join Mexico and the US only if it proved to be "good for middle class" Canadians.

Also Read: US-Mexico reach NAFTA deal as pressure turns to Canada

Washington and Ottawa will enter into detailed talks on Wednesday, Canadian Foreign Minister Chrystia Freeland said. The Canadian minister said the path towards finding a solution was eased since Mexico had made "tough decisions" in reaching an agreement with the United States earlier.

Freeland said,"Mexico's effort clears the way for us to have some significant, substantive, and, I think, productive conversations with the US this week."

Meanwhile, Canadian PM Justin Trudeau said he would only sign a new trade pact that was good for his country.
 
"We will engage in a positive way and look forward to ultimately signing a deal as long as it's good for Canada and good for middle class Canadians," Trudeau said.

Mexico's President-elect Andres Manuel Lopez Obrador has assesrted that NAFTA should remain a trilateral deal.

The United States and Mexico agreed had on Monday decided to overhaul the North American Free Trade Agreement (NAFTA) putting pressure on Canada to agree to new terms, if talks with Canada are not wrapped up by the end of this week, Trump plans to notify Congress that he has reached a deal with Mexico and negotiations continue with Canada.

The United States, Mexico and Canada do more than 1 trillion dollars in trade between them every year. The deal with Mexico lifted markets on the second day on Wall Street with the Dow 0.2 per cent higher in late morning deals with the S&P breaking through the 2,900-points level for the first time ever.  The Nasdaq Composite Index beat the intraday record set a day earlier when the Mexican deal was struck by US officials.

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