Canadian and Mexican ministers leading Nafta discussions struck an upbeat tone at the World Economic Forum, saying the trade deal can be modernized while warning against hasty negotiations.
Canadian Foreign Minister Chrystia Freeland and Mexican Economy Minister Ildefonso Guajardo spoke on a panel at Davos, Switzerland on Thursday as their teams met thousands of miles away in Montreal during the the sixth round of talks on the North American Free Trade Agreement. Freeland cautioned that discussions on complex issues shouldn’t be rushed, and Canada is prepared for any eventuality on Nafta, while Guajardo reiterated a willingness to compromise on the key issue of automobiles.
“Today we are in much better standing than a year ago to try to find those creative solutions that will mean a win-win-win for the three countries,” Guajardo said.
Freeland, Guajardo and U.S. Trade Representative Robert Lighthizer will meet in Montreal on Monday to close out the current round of talks, a pivotal gathering where progress will determine the likelihood of reaching a deal to prevent President Donald Trump from abandoning the pact.
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Source: Bloomberg