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Monday, October 16, 2017
Canada and Mexico Leaders Push "Fair" NAFTA 2.0
Mexico and Canada will work toward a NAFTA 2.0 agreement that is fair and beneficial to all, Canadian Prime Minister Justin Trudeau said in Mexico City in remarks alongside Mexico President Enrique Peña Nieto. Trudeau said his country would continue to engage in a thoughtful way in the talks and that Canada is committed to the negotiations. Trudeau revealed that Canada will counter the U.S. proposal on a NAFTA sunset clause.U.S. negotiators last week presented a proposal for a "sunset clause" that would see the NAFTA expire after five years unless the parties agree to extend it. Mexico's Ambassador in Washington Geronimo Gutierrez has said a termination clause would erode business confidence in the region, while his Canadian counterpart has said the Trump administration probably would not find much domestic support for the proposal.