Since the beginning, Justin Trudeau, the Canadian prime minister, has posed himself as a defender of the NAFTA. Yesterday, during his discussion with the California governor Jerry Brown, Trudeau defended NAFTA once again.
NAFTA and its importance
The North American Free Trade Agreement (NAFTA) was signed in 1992 between the US, Canada, and Mexico.
NAFTA covers a market of 375 million consumers and the purpose of this agreement is to liberalize the products and services market by removing tariff and non-tariff barriers between the parties and by liberalizing intra-zonal investments.
NAFTA is, therefore, an important agreement between the involved parties and it is more than beneficial for both the business and administrative sectors of each country involved in the agreement.
Donald Trump threatened NAFTA
The US president Donald Trump somehow threatened the agreement after he stated that it is prepared to quit out of NAFTA. In October 2017, Trudeau visited the US and met with the president to negotiate the US position in NAFTA.
Donald Trump admitted that he’ll do everything that is needed to protect the USA’s workers and their wellbeing and if quitting NAFTA means better for the Americans, he will do it. However, both officials ended up the discussions amiably as president Trump said that the whole NAFTA problem is far from being concluded. On the other side, Trudeau was optimistic regarding the US future inside the NAFTA.
Trudeau asks for the NAFTA modernization
During the speak Trudeau held yesterday, he once again raised to the occasion and defended the NAFTA saying that is absolutely mandatory to modernize the NAFTA and to adapt it to the present day’s needs. He also considered Donald Trump was righteous to say all that he said regarding the NAFTA but the whole idea behind the agreement should be to use it to ensure that “the benefits of trade are shared more broadly”.