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Supply managed farmers to get compensation as a result of trade deal

02 October 2018

The three countries came to the final deal, which Trump called the "most modern, up-to-date and balanced trade agreement" in us history, late on Sunday.

President Donald Trump on Monday hailed a USA trade pact with Canada and Mexico, which replaces the old NAFTA deal, as a historic agreement set to turn North America back into a "manufacturing powerhouse" and fuel United States economic expansion.

The rewrite "will result in freer markets, fairer trade and robust economic growth in our region", according to a joint statement from US Trade Representative Robert Lighthizer and Canada's Foreign Affairs Minister Chrystia Freeland.

"Take India. You talk about free trade". While the system helped support a wave of new processing capacity that's being built across Canada, U.S. farmers complained it effectively blocked imports and dragged down world prices. "That's dealing with China, dealing with European Union, with everybody, Japan, Mexico, Canada, everybody", he said.

He was speaking at a White House news conference on the revised North American Trade Agreement with Canada and Mexico - a landmark deal that fulfills one of his election promises.

Federal cabinet ministers were summoned to a late September 30 meeting at the Prime Minister's Office near Parliament Hill, while the White House convened its own late-night trade briefing conference call just an hour before the midnight deadline.

According to people briefed on the negotiations, Canada will ease protections on its dairy market and provide access that is similar to what the United States would have gained through the Trans-Pacific Partnership, a trade treaty that Trump withdrew from previous year. The investor-state dispute-settlement system, which allows investors to bring grievances against member-country governments, will be phased out for the U.S. and Canada, while certain industries such as energy will be able to bring cases against Mexico. Trudeau is a "good man" who loves Canada, Trump said. That followed a testy meeting in June, when Trump accused Trudeau of being "dishonest". The deal extends patents on biologics from eight to ten years, meaning Canadians are going to have to wait two more years to access cheaper generic versions of medication they need to treat chronic conditions like rheumatoid arthritis and Crohn's disease.

Other contentious, so-called USA poison pills - which would have limited Canada and Mexico's ability to bid on lucrative US procurement projects - are gone.

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Some Democratic members of Congress have accused the White House of stopping investigators from interviewing certain witnesses. The true test for Flake would come once the full Senate votes on the Kavanaugh nomination in the coming days, Walsh said.

However, she says the amount and type of compensation will be worked out in coming months while Canada, the US and Mexico all work to ratify the agreement reached late Sunday.

Still, "I think he played a weak hand moderately well", he said.

The US President described India as a "tariff king" as he reiterated his allegations that New Delhi has a high tariff rate on various American products.

That financial impact will also be sharply felt in Oxford and Perth counties, where, as part of Ontario's biggest dairy belt, farmers produce more milk than some provinces. On Monday, he said the Indian side called to open trade talks, which he added was "shocking".

The Americans made the text of the agreement public Sunday night, with the leaders of all three countries likely to convene before the end of November to sign the deal.

We also remain concerned about the remaining steel and aluminum tariffs.

Negotiators worked frantically ahead of a midnight USA -imposed deadline to settle differences, with both sides making concessions to seal the deal. A similar agreement between Mexico and the US preserves duty-free access to the USA market for vehicles that comply with the agreement's rules of origin.

The metal tariffs discussions are on a "completely separate track", according to a senior US official.

Supply managed farmers to get compensation as a result of trade deal