NAFTA
North America Free Trade Agreement
US President Donald Trump vowed to rip up international trade deals and rebalance America’s global trade relationships.
The United States-Mexico-Canada Agreement (USMCA), or NAFTA 2, isn’t substantially different and remains a document of corporate domination.
NAFTA 2.0 cleared another hurdle as the U.S. Senate approved the trade deal with bipartisan support.
The chamber overwhelmingly voted to pass the United States-Mexico-Canada Agreement after most Democrats got on board.
Trade deals have been huge drivers of climate change. NAFTA, for instance, incentivized the expansion of industries with high carbon footprints.
The industry is working to get US senators on record in support of including the protections it lost in NAFTA 2.0 in future trade agreements with other countries.
Many requirements of the original USMCA have already been met by recent changes in Canadian IP legislation, but more amendments will be required to implement the USMCA.
Understanding power is more important to predicting the winners and losers of neoliberal economic policies than knowing the economics.
The US House of Representatives overwhelmingly passed the new North American trade deal.
On paper, Mexican workers should be big winners from the new Nafta. They’re not holding their breath.
The trade accord to revamp Nafta cleared the Ways and Means Committee, sending the measure to the full House.
Mexico said it was satisfied by US assurances it was not sending inspectors.
An annex for the implementation of the treaty, the result of political decisions by Congress and the Administration in the United States, was not consulted with Mexico, said Mexico’s deputy foreign minister.
The proposed replacement of NAFTA remains a tool for corporate interests and provides insufficient relief to address the problems for working people embedded in the original agreement.
More than half of the new trade agreement simply modernizes provisions already contained in NAFTA.
Here’s what a progressive trade agenda that actually protects people and planet would actually look like.
Deal does not address the farm crisis, but will exacerbate climate crisis and jeopardize health and public safety.
An assessment suggests the revised deal would perpetuate NAFTA’s environmental damage.
The new NAFTA is not the template for future agreements, but establishes the floor from which we will continue to advocate for a new model of trade and globalization that puts people and the planet first.
Small gains for workers, but the environment gets a shoddy deal.
bilaterals.org team, Jan 2021