Canada, U.S. have reached a NAFTA deal, senior Canadian source says

[Free Vulcan]

After more than a year of fractious negotiations, Canada and the U.S. have reached an agreement on key sections of a new North American Free Trade Agreement, a senior source told CBC News.

Prime Minister Justin Trudeau convened a late-night meeting of cabinet to brief ministers on the NAFTA progress, only hours before a U.S.-imposed midnight deadline.

At the heart of the deal is a trade-off between greater U.S. access to Canada's dairy market, which is heavily protected by a system of supply management, and Canadian demands for the maintenance of a dispute resolution process, sources said.

​In exchange for some U.S. concessions on a dispute mechanism, Canada is expected to give U.S. farmers greater access to Canada's dairy market by increasing the quota on foreign imports.

https://www.cbc.ca/news/politics/nafta-finale-sunday-deadline-trump-1.4844623

[truth_seeker]

The state of "journalism having dropped to current levels, I have no clue as to what really changed fromprevious trade arrangements.

--Tariffs up, down?

--Costs and benefits to parties?


U can call it "MAC" or you can call it CAM"

[corbe]

    Dairy Farmers must have a strong Lobby, not unlike the Lumber and Steel Industry.

[endicom]

NAFTA should never have been called free trade as it is clearly managed trade, comprehensible only to specialists. If this new version is better than the old then good.

[edpc]

Technically, it is a renegotiation. However, it’s not clear whether the concessions are particularly groundbreaking. I guess we will see.