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General Motors Company
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Close 2017-07-18 U$ 36.44
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Globe says GM, others see PM urged to state NAFTA goals

2017-07-19 08:44 ET - In the News

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The Globe and Mail reports in its Wednesday edition that the Trudeau government is facing increased pressure to spell out what Canada hopes to achieve from the renegotiation of the North American free-trade agreement requested by the Trump administration. The Globe's Adrian Morrow, Steven Chase and Kelly Cryderman write that both major opposition parties in the Commons asked the Trudeau government Tuesday to appear before a parliamentary committee to explain Canada's negotiating objectives. The United States on Monday released a list of more than 100 negotiating objectives for NAFTA to overhaul the accord in that country's favour. The demands included scrapping the Chapter 19 dispute resolution panels Canada fought hard to secure in trade talks decades ago and that have ruled in Canada's favour in the past. Former Canadian ambassador Derek Burney says he is worried there is too much "America first" rhetoric coming from Washington and insufficient talk of how Canada and Mexico would profit from an overhaul of NAFTA. He says, "If there is no common goal of mutual benefit coming from the top, and it is about unilateral concessions by Canada -- and Mexico -- then it is not really a negotiation."

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