Canada ready to start Nafta renegotiations, says minister
HANOI: Canada is prepared for the start of talks to renegotiate the North American Free Trade Agreement (Nafta) and is confident it will get a successful outcome, said Trade Minister Francois-Philippe Champagne.
“The agreement, negotiated more than two decades ago, has been amended about 11 times, so we said we’re happy to sit at the table,” said Champagne on the sidelines of a meeting of AsiaPacific trade ministers, here.
New United States Trade Representative Robert Lighthizer has kicked off the process for a rework of the three-way agreement with Canada and Mexico, issuing a 90-day notice to Congress.
During his election campaign, US President Donald Trump called the deal a “disaster” that cost millions of US jobs. A few weeks ago, he was weighing whether to pull out of the agreement entirely.
Champagne said some parts of the deal could be modernised, citing e-commerce.
“I am confident, if history has been guiding us, that if we succeeded 11 times that we are likely to succeed again.”
Champagne said he had a “good first meeting” with Lighthizer during the Asia-Pacific Economic Cooperation forum gathering, here.
“Whatever discussions you have start from the premise of a very fruitful relationship,” he said. Bloomberg