Trump and Trudeau upbeat about prospects for NAFTA deal by Friday

 Trump and Trudeau upbeat about prospects for NAFTA deal by Friday

WASHINGTON (Reuters) – The leaders of the us and Canada expressed optimism on Wednesday how they could reach new NAFTA deal with a Friday deadline as negotiators wanting to talk throughout the night, although Canada warned that any variety of tricky issues remained.

Under pressure, Canada rejoined the speaks to modernize the 24-year-old Us Free Trade Agreement after Mexico additionally, the Usa announced a bilateral deal on Monday.

Canadian Foreign Minister Chrystia Freeland said late on Wednesday that talks were at "a very intense moment" but said there was "a lot of good will" between Canadian and U.S. negotiators.

"Our officials are meeting now and you will be meeting until very late tonight. Possibly they'll be meeting the whole night," Freeland said. She and U.S. Trade Representative Robert Lighthizer had wanted to review progress early on Thursday.

U.S. President Donald Trump has set a Friday deadline for your three countries to get to an in-principle agreement, which could allow Mexican President Enrique Pena Nieto to sign it before he leaves office after November. Under U.S. law, Trump must wait Three months understands the pact.

Trump has warned he could attempt to proceed which has a handle Mexico alone and levy tariffs on Canadian-made cars if Ottawa does not can happen board, although U.S. lawmakers have said ratifying a bilateral deal wouldn’t be easy.

"They (Canada) plan to be portion of the deal, and that we gave until Friday and i believe we're probably motivated. We'll see what occurs, employing any event, everything is working out effectively." Trump told reporters with the White House.

The upbeat tone contrasted with Trump's harsh criticism of Canada in recent weeks, railing on Twitter against Canada's high dairy tariffs which he said were "killing our Agriculture!"

Canadian Pm Justin Trudeau said he thought the Friday deadline may just be met.

"We notice that you will find a prospects for getting there by Friday, it really is simply a possibility, because it will hinge on irrespective of whether there exists ultimately the best value for Canada," he stated on a news conference in northern Ontario on Wednesday. "No NAFTA deal is superior to a negative NAFTA deal."

Freeland, who may be Canada's lead negotiator, was sidelined on the talks for over two months, and is being forced to receive the terms the us and Mexico resolved.

She declined talk about problems still in play, but said that Mexico's concessions on auto rules of origin and labor rights was really a breakthrough.

Ottawa is willing to make concessions on Canada's protected dairy market from a bid just to save a dispute-settlement system, The planet and Mail reported late on Tuesday.

STICKING POINTS

One with the issues for Canada during the revised deal would be the U.S. effort to dump the Chapter 19 dispute resolution mechanism that hinders north america from pursuing anti-dumping and anti-subsidy cases. U.S. Trade Representative Robert Lighthizer said on Monday that Mexico had wanted to remove the mechanism.

To save that mechanism, Ottawa intentions to change one rule that effectively blocked American farmers from exporting ultrafiltered milk, a component in cheesemaking, to Canada, the planet and Mail reported, citing sources.

Trudeau repeated on Wednesday he will defend Canada's dairy industry.

Earlier on Wednesday, the Trump administration's own anti-dumping duties on Canadian paper, utilized in books and newsprint, were dumped with the U.S. International Trade Commission.

The independent panel ruled that about $1.21 billion such paper imports from Canada weren’t harming U.S. producers.

Other hurdles towards a NAFTA deal include ip rights and extensions of copyright protections to 75 years from 50, a larger threshold than Canada has previously supported.

Some view the tight time-frame to be a challenge.

"There's nothing here this is not doable for Canada," said Brian Kingston, vice president for international affairs on the Business Council of Canada.

"We've got the ideal negotiators on this planet, however they is only able to stay awake a great number of hours of each and every day."

AscendEconomy

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