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nsucurrent.com November 21, 2017


Trump May Terminate NAFTA, Reaffirms Plan to Build Wall

25 August 2017, 01:25 | Ruby West

NAFTA Round One: Gordon Johnson Weighs In On Free Trade's Effects On Steel, Manufacturing

Country Trade Goals

The Council has long expressed concern over many aspects of the current NAFTA agreement, and potential new areas the US has indicated it wants to negotiate, including gaining access to certain markets where it is now blocked, such as Canada's supply management policy in such things as dairy.

"We will not sacrifice the substance of a negotiation to meet a schedule", added the source, who was not authorized to speak publicly about the talks.

NAFTA has helped US companies compete by protecting intellectual property (a feature that hopefully will be improved in the current negotiations).

"We come today to show our unity", Duvall said. It could also mean US investors in Mexico and Canada wouldn't be able to submit their grievances to ISDS either.

The Trade Campaigner for the Council, Sujata Dey points out other concerns, "It is very risky that the Liberal government is going to put CETA procurement provisions in NAFTA, which will get rid of buy local policies".

"The strategy of building a wall seems a losing one, even ignoring its moral repugnance", said John Taylor, Jr., president and founder of Taylor Global Vision, a global macro and FX research firm in NY.

The negotiation between the three countries has formally started last week.

President Donald Trump, speaking on Tuesday night in Arizona near the Mexican border, said it looks inevitable the USA will pull out of the North American Free Trade Agreement. "They have done so much good agreements, especially Mexico", he said before some 5,000 persons gathered at the conference center in Phoenix. With producers facing low commodity prices and other challenges, we can not afford to cause further harm by negating the gains made under NAFTA.




Comments filed in advance of the opening round of talks, in response to a request from U.S. Trade Representative Robert Lighthizer, reflected an overwhelming desire of transportation service providers, automakers and agricultural groups to preserve the basic tenants of the landmark trade agreement that has been in effect since 1994.

"They have made such great deals, both of the countries, but in particular, Mexico, that I don't think we can make a deal", Trump said. Chances are, if you live in a rural county colored red on the electoral map, you owe your job or a big chunk of your living to NAFTA.

"I personally don't think you can make a deal without a termination, but we're going to see what happens, OK?"

Ujczo suspects American NAFTA negotiators now have an easy argument to make: that they just can't discuss procurement while the domestic process is ongoing.

The United States, Canada and Mexico wrapped up their first round of talks on Sunday to revamp the NAFTA trade pact, vowing to keep up a blistering pace of negotiations that some involved in the process said may be too fast to bridge deep differences.

He estimated that this is a very particular style of the U.S. president, so he is not surprised. Trade is vital to the health of the industry, and we should be doing everything we can to increase opportunities for our producers to feed the world. For the US, farm exports to Canada and Mexico soared from $8.9 billion in 1993, before NAFTA implementation, to $38.1 billion in 2016, according to AFBF.

Oil, a key Canadian export, rose on Wednesday after data showed US crude inventories fell for the eighth straight week, while a storm heading toward the Gulf Coast had the potential to disrupt output. All parties have a long and proven track record of fruitfully negotiating free trade agreements (FTAs).

Not all sectors of agriculture have benefited from NAFTA, though.



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