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Canada says it takes Trump's talk of NAFTA withdrawal seriously

Reuters  |  OTTAWA 

(Reuters) - takes U.S. Donald Trump's comments about pulling out of NAFTA seriously and has no indication when the might act, said on Monday.

Morneau, speaking to a event arranged by Politico, also said it was clear that a negotiating process was starting in the which he hoped would lead to Congressional ratification of a new pact designed to replace the

Trump said on Saturday he would give formal notice of his intention to terminate NAFTA, giving six months for lawmakers to approve the new U.S.-Mexico-Agreement (USMCA).

Asked whether took Trump's comments seriously, Morneau replied: "We take everything seriously."

The Democrats, who say the USMCA has some shortcomings, take control of the next month. If Trump pulls out of NAFTA and the House rejects the new pact, it could deal a major blow to North American free trade.

"We are starting to see the beginnings of the negotiation process in the that will - we hope - get to a ratification of the deal," said Morneau, saying Canadian officials would be talking to all those involved.

Asked about Trump's comments, a for said "this is part of the U.S. ratification process" but declined to comment further.

(Reporting by David Ljunggren; Editing by and Susan Thomas)

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

First Published: Mon, December 03 2018. 22:20 IST