Is US pull out of NAFTA matter of time? Canada prepares with plan B
Ottawa, Jan 22 (IBNS): The pull out of the US from the North Atlantic Free Trade Agreement (NAFTA) is just a matter of time as Canada is preparing itself for a second plan, CTV News said.
Canada's trade insiders are preparing for the worst outcome as they predict Donald Trump's withdraw from the trade agreement soon.
As the last round of talks over the NAFTA between the US, Canada and Mexico are underway from Sunday, member of NAFTA Advisory Council Rona Ambrose said: "The consensus felt like it’s not if, it’s when he’s going to pull the plug."
"I really believe Canada is doing everything that we can do,” Ambrose added. “I think we just need to ramp up all those measures even more in the next week or so" she added.
Canadian Foreign Affairs Minister Chrystia Freeland said the country is ready for a plan B.
"When it comes to what the U.S. may or may not do, our approach is to hope for the best and prepare for the worst" she said.
NAFTA is an agreement which came into force from January 1994 by Canada, Mexico and United States creating a trilateral trade bloc in North America.
For more than two years, US President Trump criticised the agreement and also hinted to take some serious steps being in the administration or at least send some ultimatums.
Trump reportedly wants the treaty to be more fair.
Both Canada and the US differ in the climate change.
Amid the ongoing negotiations in the North Atlantic Free Trade Agreement (NAFTA), Canadian Foreign Affairs Minister Chrystia Freeland, in November, said the country can't agree to extreme proposals put forward by the US, media reports said.
After the fifth round of talk in Mexico city, Freeland told media: "There are some areas where some extreme proposals have been put forward, and these are proposals that we simply cannot agree to."
Freeland even said certain proposals could become detrimental to the Canadian auto-industry.
(Reporting by Suman Das)
Image: facebook.com/DonaldTrump
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