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Canada-U.S. Trade Deal Possible if NAFTA Fails, Says Trudeau

Posted December 07, 2017

Under Economic Issues, International Trade Issues

(Chris Fournier – Bloomberg)

Canadian Prime Minister Justin Trudeau said he would consider one-on-one talks with the US on trade, if negotiations to update the North American Free Trade Agreement (NAFTA) fail.

“We will always look at different opportunities,” Mr Trudeau said on Thursday in response to a question about a two-way US trade deal at the Fortune Global Forum in China.

“We’re ready for anything, when things come forward. The new administration has shown a willingness to disrupt the patterns of past behaviour and look for new models, and we’re willing to entertain next steps forward.”

The prime minister, who was in the southern Chinese city of Guangzhou to wrap up a five-day visit, said the 23-year-old NAFTA “needs to be updated” and warned that canceling the pact would harm Canadians. Click here to read more.

Related: U.S. NAFTA Withdrawal ‘Will Turn the Clock Back’ (Fortune)