Canada agrees to continue NAFTA talks, no date set

Canadian Foreign Affairs Minister Chrystia Freeland delivers remarks after receiving the Diplomat of the Year award at the Foreign Policy annual Awards Dinner in Washington U.S

A poll released today shows that in the week since post-G7 rhetoric and diplomatic tension between the US and Canada, shows a bump in support for Prime Minister Justin Trudeau.

"We will not ratify the free-trade treaty with Canada because it protects only a small part of our PDO (Protected Designation of Origin) and PGI (Protected Geographical Indication) products", Centinaio told the newspaper.

"I think all three countries are clear that meaningful progress has been made to date and we need to keep working hard to get to a deal".

Trump slammed Trudeau as "dishonest" and "weak" after the Group of Seven summit last week, incensed by a news conference at which the Canadian premier termed the United States president's decision to use national security to justify steel and aluminum tariffs as "insulting". "We talked about following up on setting up specific dates for meetings and that is what we are going to do".

Just over seven in ten Americans added that the ongoing issue of tariffs imposed by the Trump administration on imports of steel and aluminum, which greatly affects Canada, has caused relations between the two countries to deteriorate.

Background: The United States, Canada and Mexico have been renegotiating NAFTA for over six months, and U.S. President Donald Trump has threatened to withdraw from the deal.

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But the currency was down 1.72% on the week, positioning it to have its biggest weekly loss since November 2016. Officials revised their inflation forecast for the next two years from 1.4% previously to 1.7%.

Canada has vowed to retaliate against USA tariffs on steel and aluminum with tariffs against a range of US goods, a move supported by 79 percent of Canadians, according to the poll.

Canada is the most important market for USA goods, importing a total of US$98.9 billion in the first four months of 2018, according the official USA data.

"We decided ... to continue our negotiations on NAFTA", Freeland said after meeting U.S. Trade Representative Robert Lighthizer in Washington D.C.

USA officials had already made clear time was running out to secure a deal the current Congress could vote on.

Talks on hold until after Mexico's presidential election July 1.

Without ratification, however, the agreement's investment provisions and its investor court system won't come into force, he said. Pickard said brands are increasingly taking stands on tough issues beyond their organizations' mandate - at least in the U.S.

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Companies don't want to invest into uncertain climates, and when business investment stalls, so does job creation.

On June 14, Italy's new agriculture minister, Gian Marco Centinaio, announced the government wouldn't ratify CETA.

Champagne also introduced legislation Thursday in Parliament in support of the controversial 11-nation, Pacific Rim trade pact, which is known as the Comprehensive and Progressive Trans-Pacific Partnership.

Of course, the most obvious reason for this dip in the polls has to do with President Trump's spat with Canadian PM Justin Trudeau over the trade deficit.

"It will worsen inequality, further erode Canada's manufacturing and industrial base".

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