US Publishes Objectives For NAFTA Update

Prime Minister Justin Trudeau meets U.S. President Donald Trump last weekend at the G20 summit in Hamburg Germany. Trudeau's government has been working hard to persuade the Trump administration of NAFTA's value

With the publication of more than a hundred goals, it is hard to say how many of them will be attractive and well-adopted in the renegotiation of the NAFTA.

However, while Trump's administration argues NAFTA is a failure due to the trade deficit between the United States and its neighbors, many economists argue the deficit is driven by macroeconomic factors and not trade agreement provisions.

On Tuesday, Canadian ambassador to the U.S. David McNaughton said in a speech in Edmonton that Canada would be willing to discuss whether the dispute mechanism needs to be "improved or modernized".

However, Kind says the system should be "fair and balanced" and he does not believe that is now the case.

The administration's goals for renegotiating the North American Free Trade Agreement, released late Monday, may have looked dry. Notwithstanding some protectionist demands by the US, which will require the U.S.to give something in return for any Canadian and Mexican concessions, the North American partners now have a genuine opportunity to bring NAFTA into the 21st century and form the basis for a growing and sustainable North American economy. The U.S. Commerce Department in June rolled out a new round of tariffs on Canadian softwood lumber.

For its part, Mexico has received the demands of its neighboring country and is ready to start the negotiation process during the month of August, according to the Ministry of Economy.

The public relations battle was apparently sparked by the Trump administration's unequivocal statement on Monday that a renegotiated NAFTA must deliver more for the U.S.

More news: Yankees trade LHP Tyler Webb to Brewers for Garrett Cooper

Despite this logical reasoning, the discourse of the new administration continues to seek an enemy overseas, especially if it is close to its borders.

Enshrining regulatory co-operation within a revised NAFTA would remove the cloud of uncertainty hanging over the existing Canada-U.S. In releasing the summary, his office said, "The negotiating objectives aim to apply the highest standards covering the broadest possible range of goods and services to ensure truly free and fair trade that supports higher-paying jobs and economic growth in the United States".

It's the first time that USTR has included deficit reduction as a specific objective for NAFTA negotiation, reflecting the Donald Trump administration's determination to address the trade deficit.

The Liberal government is now accepting input from the public on a renegotiated deal, asking what elements of NAFTA should be preserved, what should be improved and what new issues need to be addressed to modernize the 23-year-old agreement.

Trump has called NAFTA the "worst deal ever" and has threatened to leave the agreement.

Rep. Grijalva, D-Tucson, also said that protecting agricultural trade in any renegotiated deal is vital, but he went on to say that pushing for worker's rights in both Arizona and Mexico is an important goal.

Related News:



Most liked

NASA releases New Horizons flyover video
According to New Horizons data released late previous year , "Pluto's Heart" may hold an exciting huge ocean of slushy water ice. Now, the American space agency has released a never-before-seen animation to celebrate the two-year anniversary of the flyby.

Korea offers inter-Korean military, Red Cross talks
Moon expressed willingness to meet with North Korean leader Kim Jong Un "anytime, anywhere" shortly after taking office on May 10. The South Korean government has also proposed to restart reunions of families separated by the Korean War.

Teen charged in London acid attacks as UK plans crackdown
Clark said "I'm aware of rumors circulating that the victims were all food delivery riders set up in advance of the attacks". Police said the victim was taken to the hospital and the injuries are not believed to be life threatening or life changing.

Dying Army veteran has one final wish - to talk to you
Recently, Lee Hernandez asked his wife to hold his phone for him. "The experience is very painful", Lee said. Ernestine added that sometimes they can't answer the phone, because Lee is in an incredible amount of pain.

Iranian victor of mathematics Fields Medal dies
Maryam Mirzakhani , the first woman to receive the Fields Medal for mathematics, has died in the United States in Saturday. From 2004 to 2008 she was a Clay Mathematics Institute Research Fellow and an assistant professor at Princeton University.

Horizon: Dippy and the Whale; Who Do You Think You Are?
Britain's Duchess of Cambridge (35) might be one of the most stylish women in the world, but her personal style is predictable. Hintze Hall will reopen to the public on Friday following six months of refurbishment.

Trump and Macron attends Bastille Day celebration in Paris
Trump then, with his free hand, engages Mrs Macron in a handshake too, simultaneously shaking the hands of both Macrons at once. "You know, you're in such good physical shape", Trump said , before repeating the observation to her husband.

Trump election commission ignores real voter issues
The commission must also make all written records, documents, and meeting minutes available. The commission now faces a string of other lawsuits concerning transparency and privacy.

LaGuardia, Newark And JFK Workers Call Off Strike
The 32BJ Service Employees International Union says they were intimidating workers on their negotiations team. It's not known what, if any, disruption may come at the airport due to those who chose to strike.

Want to live longer? Go to Starbucks
Eliseo Guallar, professor at the Johns Hopkins University Bloomberg School of Health, who co-authored an accompanying editorial . Irrespective of ethnicity, people who drank two to three cups of coffee daily had an 18% reduced risk of death .

Over 40000 Steam accounts banned after Summer Sale
July 5 was the last day of the Steam Summer Sale; Valve wasted no time in cracking down on the cheaters the morning after. As of now, it remains unclear what else Valve can do to solve the cheating problem on Steam once and for all.

Ahead of Burhan's first anniv, security beefed up in Valley
Witnesses said most shops were closed in Srinagar , the region's summer capital, with traffic thin ahead of the anniversary. Over 80 young men from these areas had taken to arms since the encounter, official sources from the state had said earlier.

Migos Were Kicked Off A Flight In An Alleged Racial Profiling Incident
After Takeoff was put off, Offset , Quavo and their manager also got off the plane, but their story was a little different. He had reportedly left a bag on the floor and not in the overhead compartment, and did not comply to move the bag.

Hamilton aiming for second place on Sunday
He did a fantastic job and has been driving very well all weekend and obviously Sebastian is very quick this weekend. But his Williams teammate Felipe Massa hardly fared better and starts from 17th.

States Are Suing Betsy DeVos Over Delayed Student Loan Protections
"Her decision to cancel vital protections for students and taxpayers is a betrayal of her office's responsibility", Healey said . For-profit schools receive the vast majority of their revenue from federal student loans and grants, the lawsuit said.