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Canada, U.S. reach deal to save NAFTA as trilateral trade pact

Reuters  |  OTTAWA/WASHINGTON 

By David Ljunggren and Roberta RamptonOTTAWA/WASHINGTON (Reuters) - The United States and Canada forged a last-gasp deal on Sunday to salvage NAFTA as a trilateral pact with Mexico, rescuing a three-country, $1.2 trillion open-trade zone that had been about to collapse after nearly a quarter century.In a joint statement, the two nations said the new United States-Mexico-Canada Agreement (USMCA) would "result in freer markets, fairer trade and robust economic growth in our region".Negotiators worked frantically ahead of a midnight ET (0400 GMT) U.S. imposed deadline to settle differences, with ...

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First Published: Mon, October 01 2018. 10:43 IST
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