Canada May Walk Away From Trumps NAFTA Talks Over A Single Issue [View all]
Daniel Tencer Senior Business Editor, HuffPost Canada
http://www.huffingtonpost.ca/2017/07/25/canada-may-walk-away-from-trump-s-nafta-talks-over-a-single-issu_a_23047342/?utm_hp_ref=ca-homepage
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Prime Minister Justin Trudeau's government is prepared to walk away from the NAFTA negotiating table if the Trump administration insists on scrapping a chapter of the deal related to dispute settlement, according to a news report.
The Trump administration released its wish list for NAFTA talks last week, and among the items is a request to scrap Chapter 19 of the trade deal. The chapter creates multinational tribunals to rule on disputes when a NAFTA country wants to impose anti-dumping duties on exports from another country.
In essence, Chapter 19 prevents NAFTA countries from slapping unfair duties on products from other NAFTA countries in order to protect their home industries.
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An unnamed "senior Canadian official" told the Globe and Mail that the prime minister considers NAFTA's Chapter 19 a "red line" he will not cross.
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