North America Free Trade Agreement
US-Canada trade talks ended with no deal to revamp NAFTA, and President Donald Trump notified Congress of his intent to sign a bilateral trade pact with Mexico.
Trump’s push to get a deal with Canada is a negotiating tactic and attempt to move something before the new Mexican president takes office.
US and Canada officials continue to meet but there are three key issues to resolve: dairy, intellectual property, dispute settlement.
Canadians feel stabbed in the back by Mexico after it agreed a separate trade deal with Trump.
When NAFTA was signed, it included labor protections for workers in all three countries. But labor complaints filed through the NAFTA labor dispute process have led nowhere.
Not only the negotiations have not been finalized, and without Canada, but the texts remain hidden from the public.
The new trade deal reached between the US and Mexico contains a myriad of rules and tariffs, and among them include tougher rules on copyright and intellectual property.
The 10-year span is more than what had existed before but the biopharma industry has long argued for the same 12-year exclusivity that exists for biologics within the US market.
The US and Mexico have reached common ground on key trade terms as pressure mounts to complete renegotiation of the North American Free Trade Agreement.
Rules of origin for autos is really a “bilateral” issue between Mexico and the United States because Canada was relatively comfortable with the original US proposal.
Some in Lopez Obrador’s team are said to want energy excluded. Negotiators concerned backtracking on oil could derail talks.
The United States has dropped a contentious demand from the renegotiation of the North American Free Trade Agreement to impose restrictions on Mexican agricultural exports.
Mexico’s economy minister said that Mexico and the United States may not meet an August goal to finish bilateral talks to revamp the NAFTA trade deal, which is beset by disagreements over automobile trade rules and other issues.
Canada is said to prepare to rejoin talks as soon as next week. Mexican ministers are in Washington for third week in a row.
Negotiators for Mexico and the United States have reached agreement on about 20 topics during talks to revamp NAFTA, Mexico’s economy minister said, although he conceded that some of the thorniest issues remained unresolved.
The recent election in Mexico is a referendum on the global reaction to the neoliberal assaults accompanying trade deals like NAFTA and TPP. Listen to this webinar with Manuel Perez-Rocha and Héctor de la Cueva
US Trade Representative Robert Lighthizer is said to believe a deal is possible before the end of August.
Mexico and the United States agreed to step up talks on updating the NAFTA trade deal in hopes of reaching an agreement on major issues by August.
Mexican and Canadian officials said that talks on the North American Free Trade Agreement will remain a three-way negotiation, despite suggestions by US President that he might pursue separate trade deals with both countries.
Canadian Foreign affairs minister is asking for a NAFTA review into what she calls “unfair and illegal” 30 per cent American tariffs imposed on Canada’s solar panel manufacturers.