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Trudeau, Trump: NAFTA talks could conclude soon

AFP  |  Ottawa 

Canadian and US discussed today ongoing negotiations to revamp the North American Free Trade Agreement, with the highlighting the "importance" of reaching a quick conclusion.

While Trudeau's office mentioned the "progress" made, and the "possibility of bringing the negotiations to a prompt conclusion," the US side was more direct. "Trump underscored the importance of quickly concluding an agreement," the said in a statement.

The pair also discussed the upcoming (G7) summit in Canada, Trudeau's office said.

Canada, and the US are renegotiating their 24-year-old free trade pact -- a process triggered last year by Trump, who called the deal a "disaster" that has destroyed US jobs.

He has repeatedly threatened to leave the pact if a satisfactory deal is not reached. If the agreement is not finalized by Friday, he will have to decide whether to keep the current agreement until talks can resume next year, or try to submit a partial deal to

The NAFTA revision is vital for another reason: the exemptions for and from steep US tariffs on imports expire June 1.

Unless officials agree on terms covering and aluminum, the tariffs would take effect.

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

First Published: Tue, May 15 2018. 04:00 IST