Trudeau Government Gives Notice It Intends to Ratify New NAFTA

• Canadian Prime Minister Justin Trudeau’s government gave lawmakers formal notice it intends to bring forward legislation to ratify the new North American free trade agreement.
• Foreign Affairs Chrystia Freeland introduced a “ways and means” motion in the House of Commons on Monday for the legislation, which is the first step in the process for parliamentary approval.
• The procedure comes ahead of a visit to Ottawa by U.S. Vice President Mike Pence, who is scheduled to meet with Trudeau on Thursday to discuss advancing the agreement.
• A decision by President Donald Trump’s administration last week to lift tariffs on steel and aluminum helped clear major hurdles for lawmakers in all three countries to approve the U.S.-Mexico-Canada Agreement.

(Source: Bloomberg)