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Third round of NAFTA talks to be held in Canada later this month

| @indiablooms | Sep 06, 2017, at 06:28 am
Ottawa, Sep 5 (IBNS): Canada is all set to host the third round of NAFTA (The North American Free Trade Agreement) negotiations in later part of September, media reports said.

The third part of the negotiations will be taking place in Ottawa.

According to CBC News, this round of talks will be hosted by Canada between September 23 and September 27.

However, the second round has taken place in Mexico City where a range of issues were discussed including supply management, auto-parts rules to government procurement.

Canada's Foreign Affairs Minister, Chrystia Freeland, will be present with her US and Mexican counterparts as the second round of talks in Mexico will end on Tuesday.

In the negotitations, Canada is working for a better labour and environmental provisions.

Both Canada and the US are in favour of making an environment agreement in the new NAFTA instead of designing a separate deal.

The two nations also want to make certain provisions to prevent NAFTA nations from violating the rules for the sake of drawing investments.

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 last one and a half 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.

Both Canada and the US differs in the climate change.

The US has already announced their withdrawal from the Paris Climate and the process of coming out from it is underway.

On the other hand, Canada wants a new NAFTA with a reference to the global climate issues and make necessary steps to tackle them.


(Reporting by Souvik Ghosh)

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