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By EVAN DUGGAN

 

VANCOUVER Mitch Morse Rush Jersey , Jan. 30 (Xinhua) -- A major breakthrough is needed in the renegotiations of the North American Free Trade Agreement (NAFTA) in order to keep the pact alive, says a Canadian trade expert.

 

"There has to be some type of announcement related to an agreement within a major sector," said Michael Manjuris, a professor of economics and trade at Ryerson University in Toronto. "Maybe it will be the automotive sector because that seems to be the one we're all talking about."

 

Trade ministers from Canada, Mexico and the U.S. on Monday completed the sixth round of NAFTA negotiations in Montreal Chris Jones Rush Jersey , with lead officials noting that some progress was made, but adding that tough challenges remain ahead of a new deal.

 

Something like a breakthrough in the auto sector "will have to come out in the next round to show that there is real progress and we're not going to turn to a political fight in having [NAFTA] cancelled," Manjuris told Xinhua in an interview.

 

U.S Trade Representative Robert Lighthizer in his closing remarks after the weekend meeting said they took a step forward in this latest round, but he also criticized Canada for its recent launch of a challenge against U.S. trade practises with the WTO.

 

He called the complaint "unprecedented" and a "massive attack on all of our trade laws," according to Canadian news reports.

 

Last month Kareem Hunt Rush Jersey , Canada's government launched the wide-ranging 32-page complaint to the WTO, accusing the U.S. of imposing unfair anti-dumping and anti-subsidy duties against Canadian products.

 

Canada said U.S. broke the WTO's Anti-Dumping Agreement, the Agreement on Subsidies and Countervailing Measures, the General Agreement on Tariffs and Trade, and the Understanding on Rules and Procedures Governing the Settlement of Disputes.

 

Manjuris said the complaint will have certainly sparked interest from other nations around world.

 

At the World Economic Forum in Davos last week Tanoh Kpassagnon Rush Jersey , U.S. President Donald Trump claimed success for his first year in office and said America remains open for business, resisting his apparent urge to exclaim his America-first protectionist rhetoric he has often repeated on U.S. soil.

 

As for NAFTA, Manjuris said the negotiators are now getting into the tough elements of bargaining such as the auto sector, dispute settlement and rules of origin.

 

"The fact that they're still talking tells me that both sides have been putting forward positions that are in some way trying to move them closer to an agreement," he said.

 

The next round of talks will likely be held in Mexico in late February.

 

"Think about what they're saying. They're cautiously optimistic because they're going to talk again Patrick Mahomes II Rush Jersey ," Manjuris said. "That's a pretty low bar."

 

But there remains reason for optimism, he added, noting that several American business people, members of congress and senators attended the Montreal meeting.

 

"They're trying to push the idea that NAFTA is good for the Americans," he said. "We've actually seen the participants in the agreement come forward and say this is important to us and we need to keep it."

 

"At least they're putting forth proposals to each other trying to get to move to some middle ground. That is a good sign Breeland Speaks Rush Jersey ," he said. "It's from now forward that we're going to see the reality of whether NAFTA will be modernized and redeveloped, or whether it will be cancelled."

 

 

 

SHANGHAI stocks dropped from their highest in nearly two years today amid profit taking in financial and consumer shares.

 

The Shanghai Composite Index shed 0.99 percent to close at 3,523 points.

 

Liquor makers and financial companies declined after last week's gain. Industrial Securities lost 2.63 percent and China Life Insurance shed 2.70 percent. Kweichow Moutai fell 5.26 percent.

 

Consumer shares and transport shares have gained significantly since the beginning of January and investors would cash in to take profits, according to a research note by Essence Securities' chief strategist Chen Guo.

 

Meanwhile, steelmakers and coal producers gained on strong investor demand and the former's better-than-expected earnings.

 

Nanjing Iron & Steel Co jumped 4.36 percent to 5.50 yuan while Yanzhou Coal Mining Co surged 6.03 percent to finish at 18.30 yuan.

 

KHOST Camo Will Redmond Jersey , Afghanistan, Sept. 17 (Xinhua) -- Four people have been confirmed dead and 13 others injured as a blast rocked Khost city, the capital of Afghan eastern Khost province on Sunday, a local official said on the condition of anonymity.

 

"The blast occurred next to a market at around noon killing four people and injured 13 others," the official told Xinhua but declined to be identified Camo Sammy Watkins Jersey , saying authorized officials would brief the media.

 

Meanwhile, provincial police chief Faizullah Ghairat has confirmed the incident but refused to provide details.

 

Head of health department in Khost city, Habib Shah Ansari has confirmed that four dead bodies and 13 injured persons have been taken to hospital.

 

China-US Ping-Pang diplomacy commemorated at headquarters of UN

 

Scenery of Jianmen Pass in China's Sichuan

 

Shanghai temple's historic move completed

 

Exhibition of civilization of Qin, Han dynasties held in Beijing

 

Special snacks displayed during 14th China-ASEAN Expo

 

Scenery of paddy fields in Baicheng, NE China's Jilin

 

China Focus: World's oldest panda dies aged 37

 

Scenery of terraced fields at Wuyishan in SE China's Fujian

 

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