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Bush praises Nafta at summit meeting in Canada E-mail
Written by Bloomberg News   
Tuesday, 21 August 2007

MONTEBELLO, Quebec: President George W. Bush said Tuesday that the 12-year-old trade agreement between the United States, Canada and Mexico had boosted the economies of all three countries and that cooperation on border security would keep commerce flowing.

Bush, who is confronting rising protectionism in the U.S. Congress, spoke of the benefits of the North American Free Trade Agreement as he concluded a summit meeting with President Felipe Calderón of Mexico and the Canadian prime minister, Stephen Harper.

"Nafta, which has created a lot of political controversy in our countries, has yielded prosperity," Bush said. "The question we are faced with is, 'How do we continue to enhance prosperity?' "

Asked about turmoil in financial markets, Bush and Harper both said the fundamental elements of their countries' economies remained strong.

"Is there enough liquidity in our system?" Bush said. "The answer is yes."


The summit meeting, which lasted less than 24 hours, dealt mostly with how the three countries could prepare better for natural or manmade disasters and keep commerce flowing as the United States tightens controls on its borders.

Harper said the free flow of trade was no threat to national sovereignty. The United States, Canada and Mexico are "independent and interdependent," he said.

The summit meeting also dealt with global issues, including climate change.

In a meeting with Bush on Monday, Harper informed the president that he would need to win approval in Parliament to keep Canada's 2,500 troops in Afghanistan beyond February 2009, said Dan Fisk, director for Western Hemisphere affairs on Bush's National Security Council.

Harper also pressed Bush on Canadian assertions that the Northwest Passage, the main shipping lane through the Arctic as the ice fields retreat, belongs to Canada.

Bush reaffirmed his view that the Arctic passage should be kept an international waterway, Fisk said.

The talks were divided into a series of bilateral meetings, informal meals and then a trilateral gathering Tuesday morning, followed by a news conference.

Bush and Calderón also discussed the access that Mexican trucks have to U.S. roads, as required by Nafta. The U.S. House of Representatives, reflecting opposition from highway safety and labor groups, voted in July to postpone the change. The Senate has not acted on the measure.

Canadian trucks have full access to U.S. roads.

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