>> Talks between Canada and the U.S. intensified Thursday, as negotiators wrangled over details and a deal to revamp the North America Free Trade Agreement by Friday deadline. Canadian Foreign Minister Chrystia Freeland is sitting down for a 3rd day of marathon talks in Washington. Hoping to salvage the 24 year old accord that accounts for $1 trillion in annual trade.
>> Good afternoon, good to see you guys. As we said, our officials did some work. They prepared some issues for me and Ambassador Lighthizer to take some decisions. And we're about to go in, continue negotiating, and do precisely that.>> Thank you Enrique, and congratulations, that's really a fantastic thing.
We've all worked very hard.>> Bargaining kicked into high gear this gear this week after President Donald Trump announced a proposed bilateral trade deal with Mexico, threatening to cut Canada out of the pact entirely.>> We're negotiating with them right now, and they wanna be a part of the deal, and we gave till Friday, and I think we're probably on track.
We'll see what happens, but in any event, things are working out very well.>> Reuter's correspondent Julie Gordon is staking out the negotiations.>> So right now the Americans and the Canadians are holding bilateral talks, that's just talks between those two nations. However the Mexicans are waiting and are ready on stand-by to join in as soon as the Americans and Canadians are ready for them.
And when that happens, when we return to trilateral talks, that's a good signal that the US and Canada have ironed out their major issues, and we're now ready to get down to the dirty business of really finalizing this NAFTA agreement. So that they can announce something hopefully by tomorrow.
>> Among the major sticking points, Trump wants Canada to drop tariffs on American dairy products, a politically sensitive issue for the Trudeau government. But even more arcane and more concerning for Canada, is Washington's desire to eliminate a process meant to resolve trade disputes between the countries.>> And we'll see whether or not Canada gets into it, otherwise we'll do something separately, or we won't do anything, which is okay too.
>> The White House is racing to get the deal done and approved by Congress before the Mexican president leaves office on December 1st.