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Canada, U.S. And Mexico Sign Updated New NAFTA Deal

Canada's agri-food exporters are calling for the quick ratification of the amended North American free trade deal.
 
On Tuesday, December 10, Canada, the United States and Mexico signed on to the updated text of the new trade deal in Mexico City.
 
In a statement, Canadian Agri-Food Trade Alliance President, Dan Darling, says they welcome the announcement negotiations have concluded on updating the Canada-US-Mexico Agreement, or CUSMA.
 
Darling says they look forward to receiving confirmation the changes don't negatively impact their members.
 
"We applaud the leaders of all three countries in re-negotiating a comprehensive and high-standard agreement that will ensure North America continues to create jobs and opportunities for people in all three countries, and takes our free trade platform to the next level," he said.
 
Darling says all three parties must complete their ratification processes without further delay.
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Canada reaches tariff deal with China on canola, electric vehicles

Video: Canada reaches tariff deal with China on canola, electric vehicles

Canada has reached a deal with China to increase the limit of imports of Chinese electric vehicles (EVs) in exchange for Beijing dropping tariffs on agricultural products, such as canola, Prime Minister Mark Carney said on Friday.

The tariffs on canola are dropping to 15 per cent starting on March 1. In exchange for dropping duties on agricultural products, Carney is allowing 49,000 Chinese EVs to be exported to Canada.

Carney described it as a “preliminary but landmark” agreement to remove trade barriers and reduce tariffs, part of a broader strategic partnership with China.