Canada And U.S Deal

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Canada And U.S Deal

“It’s a good day for Canada,” Prime Minister Justin Trudeau said as he left his office. Mr. Trudeau said he would have more to say Monday.

The U.S. and Canada reached the basis of a free trade deal on Sunday night, a senior Canadian government official said.

The agreement preserved a NAFTA dispute-resolution process that the U.S. wanted to jettison, the official told The Associated Press ahead of an official announcement. The official was not authorized to speak publicly and requested anonymity.

The agreement also exempts tariffs on 2.6 million cars. On dairy the official said Canada essentially gave the U.S. the same access it offered in the Trans Pacific Partnership trade agreement that President Donald Trump rejected.

“It’s a good day for Canada,” Prime Minister Justin Trudeau said as he left his office. Trudeau said he would have more to say Monday.

“It is a good night for Mexico, and for North America,” Mexican Foreign Minister Luis Videgaray tweeted.

The U.S. and Canada were under pressure to reach a deal by midnight Sunday, when the U.S. must make public the full text of the agreement with Mexico.

Canada, the United States’ No. 2 trading partner, was left out when the U.S. and Mexico reached an agreement last month to revamp the North American Free Trade Agreement.

(Except for the headline, this story has not been edited by Daily Report and is published from The Hindu.)

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