ibusinesslines.com
ibusinesslines.com July 23, 2018


Nafta Agreement Could Come in Weeks, Pence and Trudeau Say

15 April 2018, 12:23 | Erica Roy

Trudeau talks trade with Mexican president ahead of meeting with Pence in Peru

Eduardo Solis President of the Mexican Automotive Industry Association, speaks during an interview with Reuters in Mexico City Mexico

The vice president attended the Summit of the Americas after Trump earlier this week canceled plans to attend the event so he could craft a response to the chemical attack, for which US officials say there's proof of Assad's involvement.

Pence met with Pena Nieto on Saturday.

"This is something we can not accept, the use of chemical weapons on civilians", Trudeau said, "and the worldwide community needs to continue to stand extremely strongly as we continue to hold Syria accountable".

Pence said that the United States acted on information from the intelligence community and allies, and they had a high degree of confidence that 'at a minimum, ' chlorine was used in the attack, and possibly sarin. "Our message to Russian Federation is that you're on the wrong side of history", Pence said.

Pentagon officials earlier Saturday suggested they had proof that the Assad regime was behind the attack but could not elaborate as the information is classified. You're known by the company that you keep.

"It's not done yet, there are still issues that need to be resolved", Pence told reporters on the sidelines of the Summit of the Americas, which he and Ross were attending here in Peru's capital with leaders from across the Western Hemisphere.

"Our message to Russian is, 'You're on the wrong side of history, ' " Pence also said.


USA negotiators discussing changes to the North American Free Trade Agreement also recently floated the idea that 40 percent of automotive production must occur in areas paying wages of between $16 to $19 per hour.

There had been expectations leading up to the meeting that NAFTA would dominate the discussion, particularly after conflicting messages from USA trade officials and President Donald Trump earlier in the week.

U.S. Vice President Mike Pence said on Saturday he was leaving a summit of Latin American countries in Peru very hopeful that the United States, Mexico and Canada were close to a deal on a renegotiated NAFTA trade pact.

Pena Nieto and opposing candidates in the Mexican presidential election have condemned the move.

While the crisis in Syria was front and centre, Trudeau and Pence also expressed optimism about the state of NAFTA negotiations, the results of which will have dramatic ramifications for the US and Canada.

U.S. -Mexican trade has grown rapidly since NAFTA, with the U.S.as Mexico's leading partner in merchandise trade, and Mexico as the third-largest trade partner of the U.S. If Trump were to scrap the deal, experts say that it could cost Mexico more than 950,000 low-skilled jobs and lower its GDP growth by 0.9 percent.



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