Kenora MP Bob Nault says they're continuing to work on finalizing the North American Free Trade Agreement. Nault chairs the House of Commons Foreign Affairs committee, and he says the deal will continue to take much longer than initially expected.
The trade involved in the deal's worth more than a trillion dollars. Negotiations between the three countries involved - Canada, United States, and Mexico - have struggled, with parties trying to make progress as the United States pushes for big changes to the 1994 deal.
Nault says most businesses-like decisions have to be handled quickly, but taking a bit of extra time with NAFTA negotiations is not a bad option.
“I think NAFTA is on a path that’s much slower than people think. We’ve been pushing hard to conclude this before the Mexican election in June. Mid-term elections are coming this fall in the United States. This is a big deal. It takes a lot of time. We want a good deal, not just any deal. I expect it will take many more months, and that’s not a bad thing. We have a trade deal now, let’s keep using it for now.”
In November, Nault led an all-party delegation of parliamentary representatives to speak with politicians about NAFTA in Washington. He said that talks were difficult, lengthy and that ‘drama’ with American politicians had been stalling negotiations.
For more information:
American ‘drama’ stalls NAFTA, Nault