"We have a high chance of reaching a win-win-win deal for Canada, the United States and Mexico," Trudeau told reporters.
"With the pressures of the elections in Mexico, and the US elections, if we could announce something at the Summit of the Americas, that would be great," he added, in reference to the April 13-14 gathering of regional leaders in Peru.
Foreign Minister Chrystia Freeland headed to Washington to meet with her counterpart, US Trade Representative Robert Lighthizer, who on Wednesday met with Mexican Economy Minister Ildefonso Guajardo, to try to reach an agreement in principle on NAFTA.
The trio are to get together for a working dinner Thursday evening, according to public broadcaster CBC, and hold talks on Friday.