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

A car hauler heads for Detroit on the Ambassador Bridge in Windsor Ontario Canada in 2017

But it keeps a North American Free Trade Agreement (NAFTA) dispute-resolution process that the us wanted to jettison and offers Canada protection if President Trump goes ahead with plans to impose tariffs on cars, trucks and auto parts imported into the U.S.

Certainly those concerns remain, especially among those who feel, as many Trump supporters do in the USA, that big multilateral trade deals have disrupted and displaced too much of the old employment order.

Canadian Prime Minister Justin Trudeau faces anger from dairy farmers but told journalists Monday that the deal overall would be "profoundly beneficial for our economy" and "the most important progressive reform for North American workers in a generation". With a glut of reaction pouring in, here's what some Power Play guests had to say about the deal. But Trump and other critics said it encouraged manufacturers to move south of the border to take advantage of low Mexican wages, costing American jobs. It means, more than anything else, far more American jobs.

"Canadians are polite, we're reasonable, but we also will not be pushed around", the prime minister said at the time.

The text of the United States-Mexico-Canada Agreement is 1,809 pages long - about 100 more than NAFTA - and includes numerous tweaks from its predecessor, both big and small. Everybody", he said. "It's a privilege for China to do business with us.

On Sunday, it was announced that the parties had reached a new agreement, which is now being referred to as the U.S. -Mexico-Canada Agreement - or USMCA. Some countries were granted exemptions, however Mexico and Canada did not make that list.

US administration officials said the deal provides increased access to Canada's dairy market for USA producers and limits the American impact of Canada's controversial supply management system for dairy and poultry products.

They noted that the accord would come up for review every six years, which they said would give the USA significant leverage if Canada or Mexico don't comply with any parts of it.

Insiders got wind of a breakthrough after 14 months of tumultuous talks and just hours before US and Mexican trade authorities were set to publish their own trade agreement without Canada as a signatory.

"NAFTA has been an unequivocal success story for American agriculture, opening markets that since enactment have become vitally important to USA corn farmers, and providing certainty to farmers and the rural economy", Lynn Chrisp, president of the National Corn Growers Association, said in a press release.

Russia Summons South Korea Envoy Over 'Detained Shipping Vessel'
In 2015, two South Korean soldiers were maimed by what Seoul said was a North Korean landmine, an accusation the North denied. Past rapprochement efforts were often stalled after an worldwide standoff over the North's nuclear ambitions intensified.

Chapter 19, which the USA had wanted eliminated and was a significant sticking point for Canada, remains in full.

Pena Nieto will be replaced by President-elect Andres Manuel Lopez Obrador, whose incoming administration said the deal would offer more certainty for financial markets, investment and job creation.

"It will strengthen the middle class, and create good, well-paying jobs and new opportunities for the almost half billion people who call North America home", said U.S. Trade Representative Robert Lighthizer and Canadian Foreign Affairs Minister Chrystia Freeland in a joint statement.

In the end, Canada and the US overcame their differences after both sides conceded some ground, hailing an agreement that covers a region of 500 million residents and conducts about $1 trillion in trade a year. The president, long a NAFTA critic, complains that the original treaty cost the United States millions of factory jobs and led to persistent US trade deficits with its southern neighbor. "We've always had, actually, a very good relationship". Under the new agreement, three-quarters of a car's parts must originate from North America in order to be exempt from duties.

Dairy access: The US will be able to export the equivalent of 3.6% of Canada's dairy market, up from the existing level of about 1%.

The Trump-Trudeau relationship hit the skids in the spring after the US slapped Canada with tariffs on exports of steel and aluminum, under the pretense of national security.

Dias said he is not thrilled by what Canada conceded in the dairy sector, but he believes there will be a solution out of discussions between the government and the dairy lobby.

"To me it seems like it's a stonewashed and ripped NAFTA, if you will, rather than a modernized agreement", Hugo Perezcano Díaz, a director at the Center for International Governance Innovation and a former trade official for the Mexican government, said.

Trump threatened to go ahead with a revamped NAFTA, with or without Canada.

"The Canadian dairy market will now be filled by surplus milk", from the U.S., David Wiens, vice-president of the Dairy Farmers of Canada, told Bloomberg.

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