The Regina Chamber of Commerce is closely watching North American Free Trade Agreement talks between Canada, the United States and Mexico.
Saskatchewan has several billion dollars worth of exports to the States yearly including oil, potash and uranium.
John Hopkins is the CEO of Regina Chamber of Commerce, and says the result of NAFTA talks has a major influence on the Saskatchewan economy.
“This is clearly a major issue for Saskatchewan,” Hopkins said. “It’s something we will continue to watch given the impact it has on the national economy.”
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Hopkins says there is some big money trade between Saskatchewan and the U-S.
“When you look at the trade between Saskatchewan and the United States,” Hopkins said. “Number one is oil. Then after oil, it’s potash. Followed by Canola oil and uranium. So, there is a significant amount of money between the United States and Saskatchewan. This is a very important agreement.”
U-S President Donald Trump has raised the possibility of scrapping NAFTA and pursuing one-on-one trade with Canada.
Hopkins says while it would be a place to start, the original Canada-U-S Free Trade Agreement is quite outdated.