Canada moves to ratify North American trade deal ahead of visit by U.S. vice president

By Kelsey Johnson OTTAWA (Reuters) - The Canadian government formally presented draft legislation to ratify the new North American Trade deal to parliament on Wednesday, less than 24 hours ahead of a visit by U.S. Vice President Mike Pence.

Reuters May 30, 2019 03:05:28 IST
Canada moves to ratify North American trade deal ahead of visit by U.S. vice president

Canada moves to ratify North American trade deal ahead of visit by US vice president

By Kelsey Johnson

OTTAWA (Reuters) - The Canadian government formally presented draft legislation to ratify the new North American Trade deal to parliament on Wednesday, less than 24 hours ahead of a visit by U.S. Vice President Mike Pence.

Prime Minister Justin Trudeau presented the bill to the House of Commons, confirming a Reuters story from Tuesday that said the legislation would officially be offered up to parliament on Wednesday.

Canada, Mexico and the United States signed the United States-Mexico-Canada Agreement (USMCA) in November 2018.

However, the deal, which would replace the existing North American Free Trade Agreement (NAFTA), has yet to be ratified by any of the three countries.

"The new NAFTA will secure access to a trading zone that accounts for more than a quarter of the global economy," Trudeau said. "It is now time for the members of this House to ratify it."

Foreign Minister Chrystia Freeland has said Canada will press ahead with its ratification plans, in tandem with the United States.

With Canadian voters set to head to the polls in October for a national election and the U.S. presidential election in 2020, time is running short.

Pence is scheduled to meet with Trudeau on Thursday to discuss USMCA ratification and other issues. It marks the first time the vice president has travelled to Canada in an official capacity.

His visit also comes after the United States agreed to remove tariffs on Canadian and Mexican steel and aluminium products earlier this month, ending a year-long dispute.

Canadian officials had said Canada probably would not pass the pending trade pact until the tariffs had been lifted.

(Reporting by Kelsey Johnson; Editing by Lisa Shumaker)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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