The new deal reportedly jettisons environmental obligations that were part of the last four U.S. trade deals.
Under the Trump administration’s “America First” policy, there likely will be more trade complaints initiated by U.S.-based companies.
According to reports, the Trudeau government thinks President Trump will pull the U.S. out of NAFTA.
Market opportunities will improve for Canadian exports, and improved foreign access to Canada’s dairy and poultry sectors will lower costs of these products for Canadian consumers.
Chrystia Freeland, Canada’s new Minister of International Trade, plans to work with Parliament to ratify two important treaties that reduce existing barriers to free trade.