Trump administration confirms renegotiation of NAFTA
Trump administration confirms renegotiation of NAFTA
20 May, 2017, 00:17
"As the renegotiation process begins, we encourage the Trump administration to seize this opportunity to work together with Canada and Mexico to support strong and enforceable currency manipulation disciplines in trade agreements and encourage the global acceptance of vehicles built to USA auto safety standards".
"We are ready to roll up our sleeves". But in an earlier statement she stressed that many USA jobs depend on NAFTA which has created growth throughout the region. But he said he changed his mind after speaking with Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto.
During his campaign, Pres. Trump vowed to scrap NAFTA altogether, reiterating that it was a disaster for U.S. workers.
"The United States seeks to support higher-paying jobs in the United States and to grow the USA economy by improving US opportunities under NAFTA", the letter reads.
Lighthizer said in the letter that NAFTA needs to be updated to more effectively address matters involving digital trade, intellectual property rights and labor and environmental standards.
Earlier in the week, Senator John McCain and seventeen other Senators wrote a letter to U.S Trade Representative Lighthizer agreeing that NAFTA "will benefit from strengthening and modernization", but warning that abandoning the agreement "will have devastating economic consequences".
Douglas said it is also important, and in line with indications from the president, that the NAFTA negotiations differentiate between Canada and Mexico in appropriate ways. "For years, politicians have called for the renegotiation of this agreement, but President Trump is the first to follow through with that promise", said Ambassador Lighthizer.
"We will continue to consult closely with the provinces and territories, industry, unions, civil society, think tanks, academics, indigenous peoples, women, youth and the general public". "We are going to start renegotiating on NAFTA, on immigration and on security at the border". "While NAFTA involves three parties, it must be OK to acknowledge and reflect differences and, even where there may be common ultimate goals, allow the U.S". -Canada trade tensions have escalated. That means the US government must look at Mexican and Canadian suppliers as favorably as it does with American suppliers.
The view in the US that Canadian logging companies get unfair subsidies pre-dates the Trump administration. "In particular, we note that NAFTA was negotiated 25 years ago, and while our economy and businesses have changed over that period, NAFTA has not".
Canada's minister of foreign affairs, Chrystia Freeland, touted the trade agreement's benefits, including 9 million U.S.jobs that rely on trade with Canada.
On Thursday the Trump administration officially began its effort to renegotiate NAFTA with Canada and Mexico. Our hope is that the Administration will work to ensure that a re-negotiated NAFTA and all future agreements make it even easier for USA insurers to do business around the world without jeopardizing the benefits the NAFTA now offers. "I'd sure hate to see us being pushed on timelines rather than getting a good agreement".
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