Administration Submits Notice Of NAFTA Renegotiation
- Author: Zachary Reyes May 19, 2017,
May 19, 2017, 23:27
The notification from Robert Lighthizer, recently sworn in as USTR, begins a 90-day public consultation period, after which negotiations between the US, Canada, and Mexico could begin.
Freeland said it was premature to speak about the timelines for the talks.
"We are ready to roll up our sleeves". But Trump and his administration officials, including Commerce Secretary Wilbur Ross, who with Lighthizer is leading the charge on trade, have been critical of how NAFTA prompted vehicle and auto parts makers to establish plants in Mexico. "While the NAFTA notice lacks many specifics, this union will head into discussions with clear objectives that will put the needs of the people above those of the powerful". The new president has promised to improve economic conditions in the nation by withdrawing the USA from trade deals that he says are unfair to the nation's workers.
It mentions the need for new provisions to "address intellectual property rights, regulatory practices, state-owned enterprises, services, customs procedures, sanitary and phytosanitary measures, labour, environment and small and medium enterprises".
Her comments came after U.S. President Donald Trump's administration announced its intent to renegotiate the trilateral trade accord. We are ready.to work together with both the governments of the USA and Canada to make our trade agreement better.
Like most US congressional Republicans, Mexican and Canadian officials are also wary of major changes that could hurt their exports to the USA or even alter the three-way framework that underpins Nafta. Didn't Trump already say he was willing to renegotiate NAFTA?
The Mexican government said Thursday says it "welcomes" the opportunity to renegotiate NAFTA.
"The President's vague Nafta letter is a stark contrast with the aggressive promises he made to hard-working families during the campaign", California Democrat Nancy Pelosi, who leads the party in the House, said in a statement.
Lighthizer, who is the administration's main trade negotiator and whose confirmation process dragged on until last week, said that the pact had been successful for some industries, such as agriculture, but that for others, such as manufacturing, it had not. -Canada trade tensions have escalated.
The Canadian government said it was considering retaliation, including a possible ban on exports of US coal from B.C. "For example, digital trade was in its infancy when NAFTA was enacted", he said in the letter.
"We understand that this is a 25-year-old agreement", he said. "For years, politicians have called for the renegotiation of this agreement, but President Trump is the first to follow through with that promise", said Lighthizer.
But he noted that trade deals can take years to negotiate and that USA mid-term elections, as well as a presidential election in Mexico next year, will take place during NAFTA talks.
Good idea! And it so happens that a convenient template for most of those changes already exists in the abandoned Trans-Pacific Partnership, which the USA stupidly failed to close past year.