empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

09.11.201817:37 Forex Analysis & Reviews: Canada disputes US changes to USMCA text

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 09.11.2018 analysis

In September, negotiations on the revision of the terms of the agreement on the North American free trade area USMCA (formerly NAFTA) between the USA, Canada, and Mexico were completed. After a long period of disputes, the parties were able to resolve the main issues, and the agreement should be signed on the 30th of November. However, Ottawa reports that the United States is attempting to change the text of the updated agreement, without consulting either the Canadian or the Mexican side.

Representatives of Canada argue that a number of points set forth in the agreement by the Americans no longer correspond to the results that the parties were able to reach after 13 months of negotiations. This is unlikely to lead to the termination of the transaction, but this moment still demonstrates the existence of strong tensions between Canada, the United States, and Mexico.

In particular, Canada agreed that the province of British Columbia would lift the ban on the sale of foreign wine products in local supermarkets. The United States attempted to independently expand this item by promoting sales of American wines in the provinces of Ontario and Quebec.

Tatiana Strelkova
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off