WE EITHER SCORE A DEAL WE PUT UP
TO A VOTE NOW, TODAY OR WE'RE
NOT GETTING ANYTHING DONE.
LET'S DIP INTO THIS.
>> FOR PRETTY MUCH BEFORE
PRESIDENT TRUMP GOT INAUGURATED,
WE STARTED TALKING, BECAUSE HE
MADE VERY CLEAR THAT HE WASN'T
HAPPY WITH NAFTA THE WAY IT WAS,
ALTHOUGH, YOU KNOW, THE FIRST
PART OF WHAT WE DID REALLY
POINTING OUT NAFTA HAS BEEN
INCREDIBLY POSITIVE FOR CANADA,
FOR THE UNITED STATES, FOR
MEXICO, AND IT HAS CREATED
MILLIONS OF JOBS ACROSS OUR
THREE COUNTRIES AND PARTICULARLY
BETWEEN CANADA AND THE U.S. WE
HAVE THE BEST AND CLOSEST
ECONOMIC PARTNERSHIP OF ANY TWO
COUNTRIES IN THE WORLD.
AGAIN POINTING OUT WE HAVE, YOU
HAVE, UNITED STATES HAS A TRADE
SURPLUS WITH CANADA IN
EVERYTHING EXCEPT ENERGY.
ON ENERGY HAVING A RELIABLE
SIX-YEAR PARTNER LIKE CANADA IS
A GOOD THING FOR THE U.S. SO
LOTS OF ARGUMENTS THAT NAFTA IS
GREAT FOR CANADA AND THE U.S.
BUT IF YOU WANT TO IMPROVE IT,
MODERNIZE IT WE'RE HAPPY TO DO
IT.
SO WE SAT DOWN.
WE WORKED WITH THEM ON WHOLE
BUNCH ISSUES, INCLUDING THIS
MORNING IN WASHINGTON WHERE WE
HAVE SOME OF OUR TOP FOLKS
CONTINUING THE CONVERSATIONS OF
THE TO BE HONEST WE'RE DOWN TO A
POINT WHERE THERE IS A GOOD DEAL
ON THE TABLE.
THE SPECIFIC CONCERN THAT WE
KNOW THE PRESIDENT HAS HAD FOR A
LONG TIME HAS BEEN ABOUT
SPECIFICALLY JOBS TO MEXICO.
A LOT OF CONCERNS THROUGHOUT THE
AUTO INDUSTRY, AND MEXICO HAS
PUT PROPOSALS ON THE TABLE TO GO
A LONG WAY REDUCING THE TRADE
DEFICIT THE U.S. WITH MEXICO AND
BRINGING BACK SOME AUTO JOBS
FROM MEXICO BACK TO THE UNITED
STATES.
THERE IS A VERY POSITIVE DEAL
THERE.
THERE IS LOTS OF OTHER THINGS WE
TALKED ABOUT IN NAFTA THAT HAVE
GOTTEN, GOTTEN WHERE WE ARE.
IT IS RIGHT DOWN TO SORT OF THE
LAST CONVERSATION WE KNOW THOSE
LAST CONVERSATIONS IN ANY DEAL
ARE EXTREMELY IMPORTANT.
SO I'M FEELING POSITIVE ABOUT
THIS BUT IT WON'T BE DONE UNTIL
IT'S DONE.
AND PEOPLE ARE WORKING VERY,
VERY HARD ON IT RIGHT NOW.
POINTS ARE?
>> ONE OF THE KEY STICKING
POINTS FOR MEXICO AND FOR US IS
IDEA OF A SUNSET CLAUSE ON THE
TRADE DEAL.
TO PUT IT IN, PUT IT IN A FRAME
THAT MAYBE, SOMEONE, I DON'T
KNOW DID A LOT A REAL ESTATE DEA
KNOW DID A LOT A REAL ESTATE DES
MIGHT UNDERSTAND.
IF YOU AGREE TO BUILD A
PARTICULAR BUILDING ON A
PARTICULAR PARCEL OF LAND, BUT
ONLY HOLD THE LEASE FOR FIVE
YEARS AND AFTER FIVE YEARS YOU
ACTUALLY LOSE THE LEASE YOU
MIGHT NOT BE INTERESTED IN
INVESTING IN THE BUILDING GOING
ON THAT LAND.
WELL, WHAT.
ONE OF THE AMERICAN PROPOSALS IS
A SUNSET CLAUSE.
EVERY FIVE YEARS NAFTA WOULD BE
DETERMINE NATE -- TERMINATED
UNLESS WE ACTIVELY WORK TO
REACTIVATE IT AND EXTEND IT
ANOTHER FIVE YEARS OR SO.
IN THAT KIND OF UNCERTAINTY
AROUND INVESTMENT IT IS HARD TO
IMAGINE A LOT OF FOLKS WILLING
TO MAKE A FIVE-YEAR INVESTMENT
IN CANADA.
WE KNOW MOST OF THE INVESTMENT
PEOPLE LOOK AT TODAY, HAVE 15,
20, 25 YEAR TIMELINES TO THEM.
SO WE DON'T REALLY FEEL THAT A
DEAL WITH A SUNSET CLAUSE IS
MUCH OF A DEAL AT ALL.
BUT OTHER THAN THAT.
AND SOME ISSUES AROUND DISPUTE
RESOLUTION SYSTEMS TO MAKE
PEOPLE FAIR, WE FEEL THERE IS A
GOOD DEAL THAT ACTUALLY ACHIEVES
CERTAINLY MADE REAL CLEAR HE
WANTED TO SEE OUT OF AN IMPROVED
NAFTA.
SO WE'LL CONTINUE WORKING
RESPONSIBLY, DILIGENTLY.
WE PUT A NUMBER OF THINGS ON THE
TABLE.
NOT GOING TO NEGOTIATE IN PUBLIC
BUT I THINK THERE IS REASON TO
FEEL POSITIVE ABOUT THE WORK
WE'VE DONE.
>> GIVEN THAT YOU HAVE TO SUBMIT
A PROPOSAL TO CONGRESS AND
SPEAKER RYAN TODAY IN ORDER TO
GET FAST TRACK AUTHORITY THROUGH
THIS SESSION, 2018 SESSION OF
CONGRESS, ARE YOU TELLING US IN
THE INVEST COMMUNITY THAT WE'RE
NOT GETTING A NAFTA DEAL THIS
YEAR?
>> I'M NOT GOING TO OWE PIPE ON
U.S. DEADLINES OR U.S. PROSES
IS -- OPINE.
I'M RESPONSIBLE FOR THE CANADIAN
SIDE OF THE NEGOTIATIONS.
WE'RE WORKING VERY HARD AND
COMING DOWN AND PUTTING FORWARD
PROPOSALS.
YOU KNOW, REALLY ENGAGED IN THIS
AND WE'LL CONTINUE TO UNTIL,
UNTIL IT'S DONE.
THAT IS OUR FOCUS ON IT.
SO THAT IS A QUESTION FOR THE
AMERICAN SIDE.
>> YOU FOUND COMMON GROUND ON
AUTOS?
>> THERE ARE A LOT OF PROGRESS
MADE AROUND A LOT OF ISSUES,
PARTICULARLY AROUND AUTOS.
>> RULES OF ORIGIN OR IS THAT
50%, 75%.
>> I'M NOT GETTING INTO DETAILS.
I'M CONFIDENT SAYING WE FOUND A
PROPOSAL THAT IS BROADLY
ACCEPTABLE TO THE THREE PARTNERS
AND OUR INDUSTRIES ON AUTO SIDE
OF THINGS.
YOU KNOW, THE REST OF IT, AND
HOW WE MOVE FORWARD IS NOW VERY
MUCH SOMETHING WE'RE CONTINUING
TO WORK ON AND VERY MUCH LOOKING
FORWARD SEEING HOW AMERICANS
RESPOND.
>> DO POLITICS PLAY INTO IT.
THERE IS A PRESIDENTIAL ELECTION
THIS IN MEXICO IN JULY?
>> THE MEXICO ELECTION CERTAINLY
PRESSED ON US A REAL CONCRETE
DEADLINE IN TERMS OF TRYING TO
GET THIS DONE BEFORE THE
PRESIDENTIAL ELECTION BOTH
BECAUSE PRESIDENT PENA NIETO IS
KEY TO GET THIS DONE BUT THERE
IS A SENSE WHOEVER BECOMES
PRESIDENT DOESN'T NECESSARILY
WANT TO BE INVOLVED IN THESE
KNEEING -- NEGOTIATIONS AND CAN
HAVE THIS BEHIND THEM AND LOOK
TOWARD THE NEXT STEP.
THAT IS CERTAINLY TIME PRESSURE
ON THE MEXICAN SIDE.
ON THE AMERICAN SIDE OBVIOUSLY
THERE IS AN AWARENESS MIDTERMS
ARE COMING UP IN FALL.
CONGRESS MIGHT CHANGE IN ITS
COMPOSITION.
THERE MIGHT BE DIFFERENT
IMPERATIVES.
WE'RE TRYING TO MOVE FORWARD
WITH THE KNOWN FACTORS WE HAVE
NOW.
THERE IS A LITTLE REFLEX ON THE
FACT THAT A LOT OF MEMBERS OF
CONGRESS ARE ACTUALLY QUITE KEEN
TO SEE NAFTA, YOU KNOW,
POSTIVELY MOVED FORWARD WITH AND
WOULD LIKE TO BE ABLE TO GO INTO
THEIR CAMPAIGNS THIS FALL WITH A
POSITIVE MESSAGE ON, YOU KNOW,
CONTINUED TRADE WITH CANADA AND
MEXICO.
SO THESE ARE ALL FACTORS THAT
ARE GOING INTO IT BUT WE'RE JUST
VERY MUCH PLUGGING AWAY AND
WE'LL KEEP WORKING UNTIL, UNTIL
THEY SHUT OFF THE LIGHTS.
I MEAN CANADA'S THERE TO MAKE
SURE THAT WE MOVE FORWARD AND IN