Justin Trudeau, Prime Minister of Canada, showed his willingness to renegotiate the North American Free Trade Agreement (NAFTA) on Thursday.
The NAFTA is an agreement, which came into effect on January 1, 1994, signed by Canada, Mexico and the US, creating a trilateral trade bloc in North America. Bilateral trade crossing the U.S.-Canadian border amounts to $1.8 billion daily.
But During the US presidential Campaigning, Trump called NAFTA the worst trade deal the United States has ever signed and he wants to change or scrap it.
34 States of U.S depends upon trade with Canada, which supports 9 million American jobs, while exports to the United States 20% of Canada’s GDP.
Meanwhile, Mexico’s Foreign Minister Claudia Ruiz Massieu, said;
Trudeau called the president-elect on Wednesday to congratulate him on his victory and extend an invitation to visit Canada.. Even Mexico is also willing to discuss NAFTA with Trump but may seek to circumvent the United States on a broader trans-Pacific deal if necessary.
Trump Not Only attacked Nafta, But has also heavily criticised the Trans-Pacific Partnership (TPP), a hugely ambitious deal signed between 12 countries that Mexico hoped to use to modernise Nafta and expand its trade with Asia.