Canada PM to boost support for NAFTA in U.S. as talks intensify

Image
Reuters OTTAWA
Last Updated : Jan 19 2018 | 11:45 PM IST

By David Ljunggren

OTTAWA (Reuters) - Canadian Prime Minister Justin Trudeau will visit three major U.S. cities next month to bolster support for NAFTA as negotiators revising the trade pact tackle major differences, officials said on Friday.

The timing of Trudeau's Feb. 7-10 trip is significant, since it comes after a sixth and penultimate round of talks in Montreal from Jan. 23-29 that Canadian insiders are billing as critical.

Canadian sources last week said they were increasingly convinced that President Donald Trump would fulfill a long-standing threat to pull out of NAFTA, which he blames for job losses and a big trade deficit with Mexico.

Trudeau's office said the prime minister would visit Chicago, San Francisco and Los Angeles "to further strengthen the deep bonds" between the two nations.

One Canadian source familiar with the planned trip said it had been in the works for many months and described it as a continuation of Canada's outreach campaign in the United States to sell the merits of free trade.

The source said one goal of the trip was to build up support for NAFTA, saying Ottawa was pleased that more and more Americans were speaking up in favor of free trade.

U.S. industry groups have become increasingly vocal in recent weeks, pressuring the administration to keep NAFTA intact on the grounds that announcing a withdrawal would cause chaos.

Trump told Reuters on Wednesday that terminating the pact would result in the "best deal."

Tellingly, Trudeau will give a speech at the foundation established in honor of former Republican President Ronald Reagan, a proponent of free trade, "to underscore the interconnectedness of the Canada-U.S. economies."

Trump, who also ran as a Republican, has a much more isolationist approach.

Trudeau, who has consistently tried to attract high-tech investment to Canada, will spend time with entrepreneurs in San Francisco. Last year Canada tapped Google parent Alphabet Inc to help plan a mixed-use development in Toronto using advanced digital technologies and urban design.

Trudeau's office did not respond to requests for comment.

(Reporting by David Ljunggren; Editing by Phil Berlowitz)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 19 2018 | 11:35 PM IST

Next Story