Trump doesn't always follow rules, so Canada needs NAFTA's Chapter 19: Trudeau

Saturday, 08 Sep, 2018

US and Canadian negotiators started a second day of talks aimed at rescuing NAFTA as the deadline for a deal this week, set out by Trump, inched closer.

NAFTA's Chapter 19 allows companies who feel wronged by anti-dumping, or countervailing duties, to have their issues settled by independent panels of experts from the countries caught in the dispute.

"I love. I love the people of".

"The atmosphere continues to be productive and constructive", she said Wednesday evening, adding that both countries' officials would continue negotiating late into the night. "We need a dispute resolution mechanism like Chapter 19 and we will hold firm on that".

Canada granted greater access to its protected dairy market to secure a trade pact with the European Union past year.

But he now worries that the fight over NAFTA's future could set back the hard-won political gains of the pact and prompt both Canada and Mexico to look increasingly beyond a less-reliable USA to build other global partnerships.

In the past, Trudeau has connected the issue to bilingualism - as an important tool to protect culture, languages, creative sectors and artists.

Trudeau on Wednesday insisted that Canada would work to maintain a dispute settlement process in the deal, provisions that the USA prefers to ditch.

Trudeau said Canadians will not sign onto a deal that does not include a dispute resolution mechanism and exemptions for cultural industries - two positions that were among the pillars of the original 1988 Canada-U.S. free trade deal.

Canada is insisting on preserving a dispute-review procedure that the United States and Mexico have agreed to eliminate. But it makes up a small amount of all the goods traded between the two countries.

If neither side budges, it's unclear whether Trump can withdraw from Nafta without congressional approval, though Trump has said he can do so unilaterally.

A stronger us dollar pushed Canada's main stock market lower and hurt commodity prices in the first day of trading since the holiday weekend.

Last week, the United States and Mexico reached an agreement in principle on a new free trade arrangement, and President Donald Trump said he will terminate NAFTA.

The notice had to be sent Friday for Mexico's outgoing government to sign the new deal before it leaves office December 1. "There is good faith and good will on both sides, and we are continuing to work on this".

President said Wednesday that he won't back down in trade talks with, as the two countries face a new October 1 deadline to salvage a three-way North American Free Trade Agreement.

The two major trading partners spent most of last week trying to whittle down and resolve the toughest issues ahead, such as more USA market access to Canadian dairy, intellectual property protections and dispute settlement rules.

In an interview with Edmonton radio station 630 CHED Wednesday, Trudeau reiterated that the issue is a deal-breaker as negotiations continue this week in Washington.

The Bank of Canada isn't expected to increase interest rates on Wednesday but markets will be watching for any word coming out of the resumption of NAFTA talks between Canada and the United States, said Jerusalim.

"Yes, Mr. Trump is going to say the worst things possible about Canada - even yesterday, he announced that the rest of the world is profiting from the United States - but that's rhetoric and we should not be too anxious about it", said Leblond.