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Chances of U.S. leaving NAFTA must be taken seriously: Canada

Reuters  |  LONDON, Ontario 

LONDON, (Reuters) - The must be taken seriously when it says it might walk away from NAFTA, Canada's said on Thursday, a day after sources said was increasingly convinced U.S. would pull the plug.

also told reporters that had come up with some creative ideas in a bid to solve the toughest challenges facing negotiators when they meet for the sixth and penultimate round of talks to modernize the North American Free Agreement later this month.

Trump has repeatedly threatened to walk away from the 1994 pact between the United States, and unless major changes are made.

"The has been very clear since before the talks started that ... (this) was a possibility and I think we need to take our neighbors at their word, take them seriously, and so is prepared for every eventuality," Freeland told reporters on her way to a two-day cabinet meeting.

Freeland also said it was "absolutely possible to have a positive outcome" at the Jan. 23-28 talks in if all three sides showed good will.

The Canadian and Mexican currencies, as well as stocks of firms that rely heavily on North America's integrated economy, fell on Wednesday after sources told they saw an increased likelihood of a U.S. withdrawal.

(Reporting by David Ljunggren; Editing by and Andrea Ricci)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 11 2018. 20:54 IST