Canada Open to Early Talks on Trade Pact With US

Date:

Canadian finance minister also said his government would prefer to hash out all details on trade in one broad negotiation instead of sector by sector.

Canadian Finance Minister Dominic LeBlanc said the country would be willing to hold early talks on the North American free trade pact with the United States, which is scheduled for joint review next year.

“If the American administration indicated to us that they wanted to advance that date and have those conversations, we would be ready,” LeBlanc told Bloomberg News on Friday. He added that the nations have a lot of common interests between the three of them.

The United States-Mexico-Canada-Agreement (USMCA) went into effect in 2020 and is scheduled for joint review in 2026. The pact replaced the North American Free Trade Agreement, known as NAFTA.

LeBlanc said the Canadian government would prefer to hash out all details on trade in one broad negotiation instead of sector by sector over the course of weeks.

Ottawa also wants to move quickly on trade agreements to prevent China from undercutting North American markets with predatory pricing.

This is a developing story and will be updated.

Related Stories

Trump Threatens Sanctions, Tariffs on Russia
Unraveling the Claim of Trump Financial Engineering
spot_imgspot_imgspot_img

Share post:

More like this
Related

US Energy Secretary Forecasts Oil, Gas Prices to Drop as Strait Traffic Back to Normal

Energy Secretary Chris Wright testifies on Capitol Hill in...

Taiwanese Diabolo Instructor Sentenced to More Than 12 Years for Spying for China

A CH-47 Chinook helicopter carries a Taiwan flag during...

Taiwan Military Begins 5-Day Drill to Test Rapid Wartime Transition

Taiwanese President Lai Ching-te visits troops from the Garrison...

Egyptian and New Zealand Fans Prepare for Vancouvers Third World Cup Match

Egypt's Mohamed Salah (10) in action during the World...