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New NAFTA Shaping Up To Be Bad Deal For Canada

Posted January 31, 2018

Under Economic Issues, International Trade Issues

(Thomas Walkom – Toronto Star)

Canada has ceded ground in the ongoing North American Free Trade Agreement talks. It has not ceded enough to satisfy U.S. President Donald Trump.

If the federal Liberal government wants to keep a free-trade relationship with Washington, it will have to accept one that — in most cases — is markedly worse than the current NAFTA.

That’s the message from the latest round of bargaining in Montreal this week.

Specifically, Washington is standing firm on demands that more autos and auto parts be manufactured in the U.S., that the pact be subject to a five-year sunset clause and that NAFTA’s Chapter 19, which allows signatories to challenge one another’s trade practices, be scrapped. Click here to read more.

Related: NAFTA Needs Modernization, Not Evisceration (The Hill)