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Canada Has ‘No Grounds’ For Optimism in NAFTA Talks: Ex-U.S. Envoy Burney

Posted August 10, 2017

Under Economic Issues, International Trade Issues

(Steve Chase – Globe & Mail)

Former ambassador to the United States Derek Burney is warning Canadians against undue optimism over looming North American free-trade agreement talks, cautioning the reopening of the trade deal at Donald Trump’s request will usher in a period of uncertainty for businesses and that the American President could use his bully pulpit to stir trouble at the negotiating table.

Mr. Burney, who as chief of staff to prime minister Brian Mulroney in 1987 led the final round of negotiations over the Canada-U.S. free-trade deal, said Canada is likely in for a bumpy road ahead. Talks begin in Washington Aug. 16.

He said some pundits appear to have concluded that Mr. Trump’s focus at the NAFTA table will be about extracting more from Mexico – based on evidence such as leaked presidential discussions where the American leader told his Mexican counterpart that, “we have had a very fair [trade] relationship with Canada.” Click here to read more.