07:15:59 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 373,119,677
Close 2017-07-18 C$ 60.16
Market Cap C$ 22,446,879,768
Recent Sedar Documents

Globe says Interfor, others see U.S. post NAFTA demands

2017-07-19 08:45 ET - In the News

See In the News (C-IFP) Interfor Corp

The Globe and Mail reports in its Wednesday edition that on Monday, the U.S. Trade Representative Office published the Trump administration's objectives for renegotiating the North American free-trade agreement. The Globe's guest columnist Patrick LeBlond writes that contrary to President Donald Trump's rhetoric about NAFTA, the document's tone is in line with a needed modernization of NAFTA. Notwithstanding some protectionist objectives and measures, the document is actually something Canada and Mexico can work with. The document calls for a revised NAFTA to be more transparent when it comes to regulation and other government decisions. Similarly, Canada has already committed to transparency in the context of the Trans-Pacific Partnership and the Comprehensive Economic and Trade Agreement with the European Union. Moving the pact into this decade, the document mentions free digital trade in goods and services and free cross-border data flows -- an issue that did not exist when NAFTA was concluded 25 years ago. The Trump administration's willingness to reinforce NAFTA's existing labour and environmental provisions is certainly good news for Ottawa's progressive trade agenda.

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