Mexico, Canada welcome hosting 2026 World Cup with U.S. despite frayed ties

06/14/18 Reuters

confed-cup_2005_-_laolawelleThe leaders of Mexico and Canada gleefully cheered winning the right to host the 2026 World Cup jointly with the United States on Wednesday, emphasizing unity at a time when U.S. President Donald Trump has frayed relations with the two neighbors during his 18 months in office.

Trump, who as part of a tougher U.S. immigration policy has called for a wall to be built on the country’s southern border and paid for by Mexico, just days ago personally insulted Canadian Prime Minister Justin Trudeau over a trade dispute.

U.S. Soccer Federation President Carlos Cordeiro suggested to reporters on a conference call that bringing the three countries together was more of a challenge than any Trump effect.

Read more…

Advertisements

Canadian PM open to compromise on disputed NAFTA sunset clause

06/11/2018 Reuters

trudeauCanadian Prime Minister Justin Trudeau on Saturday rejected a U.S. demand for a sunset clause in NAFTA but said he was prepared to compromise on the issue, which is holding up talks to update the 1990s-era pact.

U.S. President Donald Trump – who regularly threatens to pull out of the North American Free Trade Agreement – insists that Canada and Mexico agree to a sunset clause that would allow a member nation to withdraw after five years.

Although Canada and Mexico say the idea is unworkable, Trump told reporters earlier on Saturday that the new deal would contain such a provision. Trudeau rejected the idea.

“There will not be a sunset clause … we will not, cannot sign a trade deal that expires automatically every five years,” he told a news conference at the end of a Group of Seven summit in Quebec.

Read more…

North America 2026 World Cup bid outscores Morocco after inspection

06/01/2018 Reuters

FUTBOLThe three-nation United States-led bid to host the 2026 World Cup outscored its rival Morocco as both passed an inspection of their facilities and infrastructure, global soccer body FIFA said on Friday.

The joint U.S., Canada and Mexico bid was given an overall score of four out of five by a five-man FIFA task force which evaluated the two bids while Morocco was awarded 2.7 in a 220-page report. A minimum score of two was required to stay in the contest.

Read more…

Mexico violence hits Canadian silver miner’s operations

05/28/2018 Reuters

canada mexicoPan American Silver Corp (PAAS.TO) became the latest company to curtail operations in Mexico due to rising violence and crime, saying on Monday it has faced security incidents along the roads used to transport personnel and materials to its Dolores mine.

The Vancouver-headquartered company said it will maintain personnel at its open-pit Dolores silver mine in the border state of Chihuahua at levels necessary for site security and reduced operating activities.

“We have been monitoring the situation, and with the recent incidents that have occurred along the access roads, we have determined the prudent course of action is to suspend personnel movements to and from the mine until the roads are safe for our employees,” Michael Steinmann, the mining company’s president and chief executive, said in a statement.

Read more…

Nafta Deadline Arrives With Little Prospect for an Agreement via Bloomberg @bpolitics

05/17/2018 Bloomberg

LighthizerHouse Speaker Paul Ryan warned a new Nafta deal had to be completed by Thursday, but President Donald Trump’s trade chief told lawmakers he expects that deadline will not be met.

Citing American trade law, Ryan had said May 17 was the last day to receive notice of intent to sign a deal for a new North American Free Trade Agreement that could be passed by the current Congress before a new crop of lawmakers change the political calculus. Talks, however, remain hung up on key issues.

U.S. Trade Representative Robert Lighthizer told lawmakers in a meeting on Wednesday that he didn’t think a deal could be completed by then or in the immediate term, according to two Democratic representatives who attended the meeting.

Read more…

Energy, a Bright Spot in Nafta Talks, Bogged Down by Dispute Over Rule Change

04/24/2018 The Wall Street Journal

energy - oil pumpsThe Trump administration is at odds with American companies over a proposed rule change to the North American Free Trade Agreement that is endangering a bright spot—energy—in contentious treaty talks.

All three Nafta countries—the U.S, Canada and Mexico—agree that a new treaty should aid the burgeoning energy trade. Under negotiation are initiatives to ease the construction of pipelines across borders, to aid U.S. exports of natural gas and to assist American companies opening gas stations or exploring for oil in Mexico, officials say.

The proposals would also prevent Mexico from backsliding on the liberalization of its energy sector at a moment when American industry is seizing a growing role in Mexican energy.

Read more…

Nafta Ministers Set to Meet Again Amid Intensified Push for Deal

04/23/2018 Bloomberg

NAFTA_logoSenior trade officials from the U.S., Canada and Mexico will meet again in Washington in an intensified push to reach a Nafta agreement in the next few weeks.

Talks will pick up on Tuesday, after cabinet-level members vowed on Friday to keep up the momentum following consultations with their technical teams over the weekend. Mexican Economy Minister Ildefonso Guajardo said last week that after seven months of discussions, the three sides have entered a concentrated phase where “my negotiating team is practically living in Washington.” Still, major differences remain over key U.S. demands.