Ending Nafta would hurt growth, competitiveness of US, Canada: report
Detroit
TERMINATING the North American Free Trade Agreement would harm the US and Canadian economies and reduce their competitiveness versus Asia and Europe, a report issued by the Bank of Montreal said on Monday.
According to the report, "The Day After Nafta," a failure to renegotiate the trade agreement between the United States, Canada and Mexico would lead to a 0.2 net reduction in real US gross domestic product over the next five years, and a 1 per cent decrease for Canada's economy.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Outgoing Singapore, Indonesia leaders to hold their final retreat in Bogor on Apr 29
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall