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  • US, Canada resume trade talks to bridge differences over NAFTA
    SourcesUS, Canada resume trade talks to bridge differences over NAFTA

    Negotiators from the US and Canada have resumed trade talks here to bridge their differences on the North American Free Trade Agreement (NAFTA) after the two sides failed to reach a deal last week. "Our officials have continued to work hard and constructively over the weekend and we are looking forward to constructive conversations today," Canadian Foreign Minister Chrystia Freeland told reporters here on Wednesday, Xinhua reported. The trade talks came after US President Donald Trump said on Saturday that there is "no political necessity" to keep Canada in the new NAFTA deal. "If we don't make a fair deal for the US after decades of abuse, Canada will be out," Trump said via Twitter, threatening to terminate the 24-year-old trilateral trade deal. The White House has pressured Canada to accept the preliminary agreement it struck with Mexico last Monday to update the trilateral trade deal. But Canada insisted that it would only sign a new agreement that is good for the country. One of the major sticking points in the talks is a so-called dispute resolution system, contained in Chapter 19 of the original NAFTA agreement. The US has proposed to scrap the dispute resolution system that Canada regard as crucial. "We' ve said from the very beginning that we need a dispute resolution mechanism like Chapter 19 and we will hold firm on that," Canadian Prime Minister Justin Trudeau said on Tuesday. "As I've said, we will not sign a deal that is bad for Canadians and, quite frankly, not having a Chapter 19 to ensure that the rules are followed would be bad for Canadians," he said. While US officials have indicated that they are prepared to go ahead and sign a NAFTA deal only with Mexico, the US business community and many lawmakers have insisted that the NAFTA deal should remain a trilateral pact. Senate Finance Committee Ranking Member Ron Wyden on Tuesday also refuted Trump's assertion that he could unilaterally withdraw from NAFTA without congressional approval. "The president needs to take a look at the Constitution -- it gives Congress authority over trade. The President cannot pull America out of NAFTA without Congress's permission," Wyden said in a statement. Talks on renegotiating the NAFTA began in August 2017 as Trump threatened to withdraw from the trilateral trade deal, which he claimed harmed US industries and jobs.

    12 months ago
  • US, Canada fail to reach deal on rewriting Nafta (Lead)
    SourcesUS, Canada fail to reach deal on rewriting Nafta (Lead)

    The fate of the North American Free Trade Agreement (Nafta) became uncertain when the US and Canada failed to come to a consensus on rewriting the three-nation trade pact.

    12 months ago
  • Real Madrid set to re-sign Mariano, blocking move to Sevilla
    SourcesReal Madrid set to re-sign Mariano, blocking move to Sevilla

    Sevilla FC president Jose Castro revealed on Tuesday that Real Madrid are set to buy back Olympique Lyonnais forward Mariano Diaz, blocking his move to Sevilla.

    1 year ago
  • Tottenham coach Pochettino wants 'glory'
    SourcesTottenham coach Pochettino wants 'glory'

    Tottenham Hotspurs coach Mauricio Pochettino has said the time has come for his team to start winning titles and "play for glory".

    1 year ago
  • Minor gets New Zealand to change sexist road signs
    SourcesMinor gets New Zealand to change sexist road signs

    The New Zealand Transport Agency will update its signs from "Linemen" to "Line Crew" after receiving a letter from a seven-year-old who pointed out that "women can be line-workers too".

    1 year ago