Prime Minister of Canada doesn’t agree to replace NAFTA with a bilateral trade agreement with the US

Investing.com – Prime Minister of Canada Justin Trudeau said yesterday about the rejection of the replacement in the long term of the North American Free Trade Agreement (NAFTA) on a bilateral trade pact with the United States.

On different occasions, we  heard how the President (US Donald Trump) talked about the interest … in a bilateral agreement, instead of the tripartite NAFTA, what we have now”, the Western media quoted him.

“Canada’s position is and always will be that the tripartite approach is indeed better for Canada, Mexico, and the United States,” he added.

Earlier, Western media reported with reference to US economic adviser Larry Kudlow that D. Trump is inclined to the option of negotiating separately with Canada and Mexico in order to settle trade disagreements.

Revision or rejection of NAFTA is one of the election promises of D. Trump. In his opinion, the agreement in its present form is unprofitable for the United States.