Freeland postpones United Nations speech today amid NAFTA talks and looming deadline

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A Trump administration official said the text of the agreement with Mexico was set to be published on Friday.

"For the first time, we're seeing a real effort by both sides", Guajardo added.

'In the next 48 hours, we will know if we are going with a trilateral agreement'.

Monday is an important date in the NAFTA calendar: Congress has declared an October 1 deadline for Canada to join an existing agreement between the us and Mexico in time for a vote on Capitol Hill, and it's also the day voters in Quebec go to the polls. "But we won't sign a bad deal for Canada or for Canadians".

Foreign Affairs Minister Chrystia Freeland's marquee speech to the United Nations General Assembly has been postponed until Monday.

If the USA and Mexico try to advance a bilateral deal without Canada they may face delays in Congress, where key lawmakers have called for the three-nation format to continue.

In the United States, there is a three-month time frame for doing so - meaning Congress must have the text of the deal by Sunday.

The NAFTA text, either bilateral or trilateral, is due by late Sunday night to meet U.S. congressional notification requirements to allow U.S. President Donald Trump and outgoing Mexican President Enrique Pena Nieto to sign the pact before Lopez Obrador takes office on December 1.

The discussion between Ottawa and Washington are unsuccessful on the protection of the canadian dairy industry.

The United States and Mexico are due to release the text of their trade agreement on Friday, increasing pressure on Canada to join its partners in revamping the North American Free Trade Agreement while Mexico's president-elect said he would insist on a trilateral pact. "They have to be fair", Trump said on Saturday during a rally in Wheeling, West Virginia, complaining about Canada's dairy tariffs, which have been a particularly sore point for him.

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"Canadians have told us they want us to negotiate a good deal for Canada, and that's precisely what we've been doing since the beginning", he said.

The man whose impending inauguration is responsible for the rush - Mexican President-elect Andres Manuel Lopez Obrador - downplayed the importance of the end-of-month deadline.

But that same evening, Canada's ambassador to the US, David MacNaughton, told a Toronto audience that the chance of reaching a deal on Sunday was "50/50".

NAFTA underpins $1.2 trillion in annual trade and markets fear its demise would cause major economic disruption. We're going to tax the cars that come in.

Under the U.S. Trade Promotion Authority law, known as TPA or "fast track", Mr. Trump must wait 90 days to sign an agreement after notifying Congress of his intention to do so.

Even so, Lopez Obrador said "the negotiation is not closed" between the United States and Canada, and said he had received information that the Trump administration has made a new counterproposal to Ottawa. The United States has said Mexico agreed to eliminate a system of settlement panels to arbitrate disputes over anti-dumping and anti-dumping tariffs.

Trudeau gave credit Thursday to the Canadian negotiating team, and suggested the American side shouldn't be surprised by the tone of talks.

He reiterated his insistence that Mexico prefers to keep NAFTA a three-country deal. Washington already has a deal with Mexico, the third member of NAFTA.

"I don't think we've completely missed the deadline", said Dan Ujczo, a trade attorney at Dickinson Wright.

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