Canada is feeling positive about how NAFTA talks are playing out, but it will continue to develop its trade ties elsewhere, the country's minister of international trade said on Friday.
Canada was "cautiously optimistic" about NAFTA negotiations on the back of positive signals from the White House and was keen on continuing to modernize the 24-year-old agreement, Francois-Philippe Champagne, Canada's minister of international trade, told CNBC's "Squawk Box."
NAFTA negotiations have been going on for months, with an eighth round of talks expected in April. One sticking point has been Washington's demand that auto exports to the U.S. contain a minimum of 50 percent U.S. content, although that requirement could have been dropped, according to recent reports.
Earlier this week, Canadian Prime Minister Justin Trudeau indicated he was upbeat about working out a satisfactory deal, Reuters reported.
Champagne also highlighted the significance of the U.S.-Canada relationship, adding that "there are no two nations that are trading more."
"Where we are in this discussion, it's not a relation of buyers and sellers. We make things together and because of that, we have created prosperity on both sides of the border and we want to continue that," he said.