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Magna International Inc
Symbol MG
Shares Issued 370,430,596
Close 2017-09-05 C$ 59.63
Market Cap C$ 22,088,776,439
Recent Sedar Documents

Globe says GM, others hear NAFTA talks moving to Canada

2017-09-06 07:34 ET - In the News

See In the News (C-GMM) General Motors Company

The Globe and Mail reports in its Wednesday, Sept. 6, edition that Mexico's Economy Minister, Ildefonso Guajardo, says the renegotiation of the North American free-trade agreement will start to show results when talks move to Ottawa at the end of this month. The Globe's Adrian Morrow writes that Canada, the United States and Mexico, however, remain at loggerheads on a series of issues -- from dispute settlement to labour -- and U.S. negotiators have yet to table details on some of the Trump administration's toughest proposals. At a joint event on Tuesday at the end of the second round of talks, Mr. Guajardo said the three governments are working to find the areas of greatest agreement in hopes of putting them to rest in the next round. The three countries broadly agree on energy, which involves bringing Mexico's rapidly opened oil and gas market into the deal, modernizing NAFTA to cover the digital economy, and cutting red tape for exporters and importers. The third round is slated for Sept. 23 to Sept. 27. President Donald Trump wants talks done by the end of the year to fulfill a key campaign pledge. Mr. Morrow notes that most trade agreements take three to five years to negotiate.

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