Canada's Globe and Mail reports on a significant Nafta concession from Canada:
- Ottawa is ready to make concessions to the Trump administration on Canada's protected dairy market in a bid to save a key NAFTA dispute-settlement system, preserve safeguards for cultural industries and avert tougher pharmaceutical patent protections, The Globe and Mail has learned.
- That compromise could end the year-old talks, but at a heavy cost. The federal government has committed more than $4-billion to the country's dairy farmers to buy the lobby's acquiescence on concessions in previous trade deals.
- And the concession may be not enough. Canada tried to offer the United States more dairy market access in May as part of a North American free-trade deal, only to be rebuffed.
Link is here for more (may be gated)
Canada foreign minister is in Washington for talks.
Earlier:
- The US and Canada will begin 'detailed' trade talks on Wednesday
- CAD foreign minister says encouraged by progress in trade talks
- CAD's Freeland says it is good that Mexico made significant concessions
This ain't over, but it looks like movement towards resolution. It has been dragging on and I don't expect the end will come quickly. Still, a step forward.
CAD on the up
