Renegotiated NAFTA could be agreed this week

August 28, 2018 Share Print 0

Canada will restart official talks with the United States on Tuesday in the hope that an updated version of the North American Free Trade Agreement (NAFTA) will be signed off in the coming days.

Canadian Foreign Minister Chrystia Freeland is in Washington to continue negotiations, following the news that Mexico and the U.S. have already reached an agreement that rewrites the trilateral trade pact, first ratified in 1994.

That agreement has been hailed by President Donald Trump as “a big day for trade,” sending U.S. stocks to fresh all-time highs Monday, with Asian equities also propelling higher Tuesday.

CNBC

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Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA

Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.