Harper Doesn't See Obama Push to Rework NAFTA

Reuters Jan 12, 2009
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Canadian Prime Minister Stephen Harper
Canadian Prime Minister Stephen Harper (Mike Ridewood/Getty Images)

CALGARY, Alberta—Canadian Prime Minister Stephen Harper said Monday he does not expect the new U.S. administration to push for a major reworking of the North American Free Trade Agreement, despite President-elect Barack Obama's campaign pledge to renegotiate the deal.

Harper said it would be a big mistake to tear up the 14-year-old agreement between the United States, Canada and Mexico and put up new barriers to trade at a time when the world economy in crisis.

"It could be characterized that, while President Obama has expressed some concerns about some aspects of the working of NAFTA, I don't think his administration will question NAFTA in any fundamental way," he told reporters at a televised media conference in Vancouver .

The two governments should be able find common ground on promoting North American trade and keeping world markets open, he said.

"One of the great dangers in a global recession is that people start erecting trade walls or tariff walls. That is one of the things that turned the stock market crash of 1929 into a depression," he said.

Meanwhile, Harper said his government has no intention of funding cost overruns that have hit construction of the athletes village for the 2010 Winter Olympics in Vancouver .

 

Last Updated
Jan 12, 2009


 
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