Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Canada foreign minister will visit Mexico to discuss NAFTA talks

Published 18/05/2017, 03:55
© Reuters. FILE PHOTO: Canada's Foreign Affairs Minister Freeland arrives for a meeting of NATO foreign ministers at NATO headquarters in Brussels

OTTAWA (Reuters) - Canadian Foreign Minister Chrystia Freeland said on Wednesday she would travel to Mexico next week to discuss renegotiating the North American Free Trade Agreement, which U.S. President Donald Trump says needs major changes.

Freeland also told parliament that Canada wanted all three member nations to be at the table for the formal talks, which she indicated should start later this year.

Canada and Mexico both send the majority of their exports to the United States and could be badly hurt if Trump goes ahead with a threat to rip up the pact unless it is reformed.

Freeland said she was in very close contact with Mexican Economy Minister Ildefonso Guajardo and Foreign Minister Luis Videgaray, who are leading the NAFTA file.

"Next week I am travelling to Mexico to meet with my counterparts there," she said.

Several members of the U.S. Senate Finance Committee said Commerce Secretary Wilbur Ross and new U.S. Trade Representative Robert Lighthizer told them on Tuesday they would prefer the current three-nation format but left open the possibility of parallel bilateral agreements with Canada and Mexico.

© Reuters. FILE PHOTO: Canada's Foreign Affairs Minister Freeland arrives for a meeting of NATO foreign ministers at NATO headquarters in Brussels

Freeland told legislators that "our mindset is very much a trilateral deal -- all three parties must be at the table".

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.