U.S., Canadian trade negotiators set for second day of…

U.S., Canadian trade negotiators set for second day of…

U.S., Canadian trade negotiators set for second day of…

Foreign Affairs Minister Chrystia Freeland will return to Washington on Tuesday to resume negotiations on the North American Free Trade Agreement.

The U.S. and Canada are trying to reach an agreement by the end of September that would complete a revamped three-nation deal with Mexico that Congress may consider next year.

Canada's politically powerful dairy farmers are likely to resist changes to the price controls and high tariffs that protect them from foreign competition. President Donald Trump has notified Congress of his intent to sign a trade agreement with Mexico, with Canada welcome to join the deal "if it is willing", the White House said Friday.

"Our farmers don't have access to the Canadian markets the way that they have access to us".

Canada has encouraged overproduction and flooded export markets for milk proteins used in cheese and yogurt, hurting United States dairy farmers, Perdue said in an interview aired on Sunday on C-SPAN television.

Although issues related to autos, such as the USA push to boost North American content in vehicles, have been a major part of the negotiations, other issues, particularly a desire for more US access to Canada's dairy market and Canadian insistence on maintaining NAFTA's dispute resolution system, are believed to be some of the major remaining sticking points.

Canadian Prime Minister Justin Trudeau said he thought the Friday deadline could be met.

Meanwhile, despite the "several" issues still in dispute, there is strong will on the US side, especially, to wrap up the talks by Friday, trade lawyer Dan Ujczo said Monday.

"Both sides did a lot of thinking over the weekend, so this was a very productive meeting".

Freeland is expected to answer questions from reporters later this afternoon.

Trudeau has been signalling in recent days that Canada might be prepared to show some flexibility there.

"To me, a lot of that is consistent with my suspicion that the USA doesn't really want to get a deal [or] at least the [Trump] administration doesn't", he said, citing the leaked off-the-record comments Mr. Trump gave Bloomberg in late August when he said he was refusing to compromise with Canada and that any deal with Canada would be "totally on our terms". The official spoke on condition of anonymity due to the sensitivity of the negotiations.

"There's a range of things we've been firm on and will continue to be firm on, but there's also things we're looking to be flexible on because it's time to update this deal after 25 years", he said in an interview with Winnipeg radio station CJOB.

The largest percentage gainer on the market was Parex Resources, rising 86 cents, or 4.6 percent, to 19.77 Canadian dollars while cannabis company Aphria jumped 1.33 dollars, or 6.5 percent to 21.71 Canadian dollars and Canopy Growth rose 1.9 percent to 69.02 Canadian dollars.

It is unclear how long the current round of talks will go on in Washington.

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