OUVER Cheap Kwadwo Asamoah Jersey , Jan. 30 (Xinhua) -- A major breakthrough is needed in the renegotiations of the North American Free Trade Agreement (NAFTA) in order to keep the pact alive, says a Canadian trade expert.
"There has to be some type of announcement related to an agreement within a major sector," said Michael Manjuris, a professor of economics and trade at Ryerson University in Toronto. "Maybe it will be the automotive sector because that seems to be the one we're all talking about."
Trade ministers from Canada, Mexico and the U.S. on Monday completed the sixth round of NAFTA negotiations in Montreal Cheap Juan Cuadrado Jersey , with lead officials noting that some progress was made, but adding that tough challenges remain ahead of a new deal.
Something like a breakthrough in the auto sector "will have to come out in the next round to show that there is real progress and we're not going to turn to a political fight in having [NAFTA] cancelled," Manjuris told Xinhua in an interview.
U.S Trade Representative Robert Lighthizer in his closing remarks after the weekend meeting said they took a step forward in this latest round, but he also criticized Canada for its recent launch of a challenge against U.S. trade practises with the WTO.
He called the complaint "unprecedented" and a "massive attack on all of our trade laws," according to Canadian news reports.
Last month Cheap Gonzalo Higuain Jersey , Canada's government launched the wide-ranging 32-page complaint to the WTO, accusing the U.S. of imposing unfair anti-dumping and anti-subsidy duties against Canadian products.
Canada said U.S. broke the WTO's Anti-Dumping Agreement, the Agreement on Subsidies and Countervailing Measures, the General Agreement on Tariffs and Trade, and the Understanding on Rules and Procedures Governing the Settlement of Disputes.
Manjuris said the complaint will have certainly sparked interest from other nations around world.
At the World Economic Forum in Davos last week Cheap Giorgio Chiellini Jersey , U.S. President Donald Trump claimed success for his first year in office and said America remains open for business, resisting his apparent urge to exclaim his America-first protectionist rhetoric he has often repeated on U.S. soil.
As for NAFTA, Manjuris said the negotiators are now getting into the tough elements of bargaining such as the auto sector, dispute settlement and rules of origin.
"The fact that they're still talking tells me that both sides have been putting forward positions that are in some way trying to move them closer to an agreement," he said.
The next round of talks will likely be held in Mexico in late February.