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Canadian Bureaucrats Now Preparing For The End Of NAFTA: Media Reports

Canadian Bureaucrats Now Preparing For The End Of NAFTA: Media Reports

Reuters reported earlier in the day that Canada was increasingly convinced that Trump would soon announce the United States intends to pull out of the North American Free Trade Agreement (NAFTA), sending the Canadian and Mexican currencies lower and hurting stocks across the continent.

"Our approach from the start has been to hope for the best but prepare for the worst". "When people see that you are firm, you get respect".

It comes as NAFTA negotiations have not only stalled but again, the Trump team is threatening to walk away and tear up the deal.

The meeting will take place as part of the upcoming sixth round of negotiations, to be hosted by Montreal, Canada on January 23-28, and could move up the round of talks to January 21, said Castanon.

His comments were made a day after Canada filed with the World Trade Organization (WTO) almost 200 complaints that Americans breeched global trade rules.

Champagne said taking a strong stand is what the public expects.

He added even if the US does announce it plans to pull out, that may not be a final decision and the action would not be immediate.

"I know what we are trying to achieve is improvement in NAFTA".

Not only are the Canadians sticking to their guns about the NAFTA negotiations, but the WTO complaint is the exclamation point on the statement that Canada will not be pushed around. But she said it could backfire if it was the wrong move. "It's not like Brexit where they invoke something and they were going to go", Anderson said.

Advertisment Federal bureaucrats in Ottawa have been instructed to prepare for the end of the North American Free Trade Agreement (NAFTA) as talks aimed at modernizing the 24-year-old trade agreement continue to be fractious and hard, according to various news reports. The new year brought a new flurry of attention to NAFTA as the next negotiating round nears: Freeland: "Focused on real progress".