© Reuters. FILE PHOTO: Canada’s Prime Minister Justin Trudeau’s new cabinet is sworn-in at Rideau Hall in Ottawa
By David Ljunggren
OTTAWA (Reuters) – Canadian Deputy Prime Minister Chrystia Freeland on Thursday said it would be a “tough challenge” to get a new three-nation continental trade agreement ratified by the United States.
The United States-Mexico-Canada Agreement was signed in November 2018 but formal U.S. approval has been held up by Democratic lawmakers pressing the Trump administration for changes, including steps on drug protections.
Freeland said she was working closely with U.S. Trade Representative Robert Lighthizer and Mexico’s deputy foreign minister in a bid to find a solution.
“It’s a tough challenge the three NAFTA countries face,” Freeland told the Canadian Broadcasting Corp, using the acronym of the trade pact that last year’s agreement is meant to replace.
House Democrats have voiced concerns over the enforcement of labor and environmental provisions. Late last month, U.S. House of Representatives Speaker Nancy Pelosi said a version of the deal she could back was within range.
“I think he (Lighthizer) is doing a terrific job but it’s difficult … the Americans right now face the challenge of looking for common ground between Speaker Pelosi and the administration of President Trump. And that is a challenge and we should be candid about that,” said Freeland.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.