The U.S. and Mexico are “very, very close” to reaching a deal to update the North American Free Trade Agreement. A White House economic adviser said this week the negotiation teams were going through the perceived final details.
The U.S. is hopeful a deal with Mexico can be a model for what Canada could accept. Canada remains on the sidelines as the U.S. has been working over the past several weeks to reach an agreement with Mexico. Mexico remains “cautiously optimistic,” according to Politico, that an agreement can be reached, possibly by the end of this month.
If so, the U.S. would then turn to negotiate an agreement with Canada, but some market access differences remain a sticking point when it comes to dairy. The U.S. is hoping to remove Canada’s dairy supply management system as part of the NAFTA talks.
The United States and Mexico are progressing on the North American Free Trade Agreement renegotiation’s, leaving Canada behind, for now.
Top trade officials from Mexico are in the U.S. this week after optimism showed through last week with a potential agreement on automotive rules as part of NAFTA, according to Politico, which notes progress on the contentious issue bodes well for farmers wishing for the certainty a NAFTA 2.0 would promise.
As for Canada, however, the nation is largely on the sidelines this week, as an international trade lawyer told Politico that the U.S. is “pretty frustrated with Canada,” accusing them of “foot-dragging.” President Trump has announced his desire previously to wrap up talks with Mexico before reaching an agreement with Canada, even though Canada and Mexico have also vowed to stick to three-way negotiations.
The White House is hopeful progress with Mexico will pressure Canada to act or even concede on trade issues, like it’s dairy supply management system.
SOREL-TRACEY, Que. – The Bel Group says it will spend $87 million to build a factory to produce Mini Babybel cheese snacks in Quebec at its first Canadian plant.
The cheese snacks, which are encased in red wax, are currently imported.
The project will create 170 jobs between the plant in Sorel-Tracy and Bel Canada’s Montreal head office.
The new plant is expected to begin commercial production in early 2020 and use Canadian milk.
It will be built on a site adjacent to Laiterie Chalifoux.
The Bel Group has 12,700 employees in some 30 subsidiaries around the world.