The US and Canada have reached a deal and that means Canada is back in a revamped North American free trade deal with the US and Mexico. After weeks of high-pressure negotiations, a deal got done just ahead of the midnight deadline. In a joint statement, Foreign Affairs Minister Chrystia Freeland and the US trade czar said the new pact will result in freer markets and fairer trade. They say the new Trade Agreement will be called the USMCA – and it will create good, well-paying jobs.’ While the deal preserves Canada’s supply management system for dairy and poultry, it does give US farmers greater access to the Canadian dairy market. It also keeps the NAFTA dispute-resolution process that the US wanted to trash.
Officials say the new U-S-M-C-A trade deal reached last night
includes wider access to the Canadian market for U-S dairy
It also preserves key dispute-resolution provisions that U-S
negotiators had wanted to scrap.
And while it doesn’t tackle the tariffs imposed by President
Donald Trump on Canadian steel and aluminum exports, senior U-S
officials say the two sides have “reached an accommodation” on the
Prime Minister Justin Trudeau calls it a “good day for Canada,”
and promises more details today.
Story: The Canadian Press
Photo credit: HuffingtonPost.ca / Adrian Wyld/CP