Thu | Nov 15, 2018

Trudeau says US should see merits of NAFTA

Published:Wednesday | January 24, 2018 | 12:13 AM
Prime Minister Justin Trudeau (left) meets with Indian Prime Minister Narendra Modi yesterday in Davos, Switzerland, at the World Economic Forum.


Canadian Prime Minister Justin Trudeau says his government is working to convince the United States (US) of the benefits of the North American Free Trade Agreement.

The government of US President Donald Trump is in talks to revise NAFTA and threatened to with-draw from it, saying it puts the US at a disadvantage.

Trudeau told the World Economic Forum in Davos, Switzerland: "We're working very hard to make sure that our neighbour to the south recognises how good NAFTA is and that it's benefited not just our economy but his economy and the world's economy."

He added that Canada is open also to trade deals involving more countries.

Seventy-five per cent of Canada's trade goes to the US. 

Trudeau says Canada and 10 other countries of the Trans-Pacific Partnership have agreed to a revised trade agreement.

The deal comes exactly one year after US President Donald Trump withdrew his country from the agreement.

The agreement follows two days of high-level talks in Tokyo and was confirmed by Canadian International Trade Minister Francois-Philippe Champagne. The partners are now expected to work towards signing the agreement by early March.