As Mexico celebrated a new trade deal with the United States and Canada on July 1, a group of Canadian energy investors warned their government that Mexico could already be violating the agreement for failing to respect contracts.
US President Donald Trump confirmed on Wednesday that he had refused to meet Canadian Prime Minister Justin Trudeau on the sidelines of the UN General Assembly, accusing Canada of treating the United States very badly.
The leaders of the United States and Canada expressed optimism on Wednesday that they could reach new NAFTA deal by a Friday deadline as negotiators prepared to talk through the night, although Canada warned that a number of tricky issues remained.
Canada has announced it is expelling Venezuela's ambassador to Ottawa, Wilmer Barrientos Fernández, and its charge d'affaires, Ángel Herrera. Foreign Minister Chrystia Freeland said the move was in retaliation for the expulsion of its most senior diplomat from Caracas over the weekend.
The politicians overseeing the renegotiation of NAFTA won't be meeting face to face at the end of this round of talks, unlike the previous four rounds of discussions.
The top U.S. negotiator at talks to modernize the NAFTA trade pact dismissed questions about why his team had so far failed to produce specific proposals on key issues, saying “I don’t see a problem.” Officials from the United States, Mexico and Canada are in Ottawa for the third of seven planned rounds of talks.
Canada will impose targeted sanctions against 40 Venezuelan senior officials, including President Nicolás Maduro, to punish them for “anti-democratic behavior,” the foreign ministry announced. Canada’s move, which followed a similar decision by the United States, came after months of protests against Maduro’s government in which at least 130 people have been killed.
Canada signaled Monday that it would not give much, if any, ground on the benefits it provides to domestic industries when it joins the U.S. and Mexico to begin renegotiations on the North American Free Trade Agreement this week. A key issue for the U.S. is getting Canada to stop policies that boost its dairy, poultry, and timber industries.
The Donald Trump administration took the first step toward renegotiating the North American Free Trade Agreement, plunging into a battle that pits some Republicans and industry supporters of the pact against Democrats and some of the president's most ardent backers.
Canada became the first observer country to enter into a strategic partnership with the Pacific Alliance. Chrystia Freeland, minister of International trade and ministers of the four countries of the alliance—Chile, Colombia, Mexico and Peru—signed a joint declaration today in Mexico City.