North America Free Trade Agreement | US-Mexico-Canada Agreement
Mexico became the first country to ratify the new North American free-trade agreement, as its Senate voted overwhelmingly to approve the deal updating the rules for one of the world’s largest trade blocs.
USMCA, a modernization of the North American Free Trade Agreement, includes several positive changes for the seed industry.
President Trump says an additional tariff on Mexican goods would address a “border crisis” that resulted in America being “invaded by hundreds of thousands of people.”
Mexican President Andres Manuel Lopez Obrador sent the renegotiated Nafta deal for Senate approval, saying he’s optimistic the US Congress will also give it the green light.
US Democrats fear higher drug prices, trying to change text of trade deal
Foreign Minister Chrystia Freeland presented what is known as a “ways and means motion” to the House of Commons, which opens the way for the formal presentation of a bill.
The Agricultural Leaders of Michigan voiced concern after the three countries announced the agreement eight months ago, but they’ve yet to ratify it. The group is made up of a coalition of agricultural, commodity and agribusiness leaders.
Canada finished the renegotiation of NAFTA. It was touch-and-go at times, with Mexico City and Washington at one point cutting Ottawa out of the loop, but the deal ultimately reached wasn’t far off the NAFTA status quo.
Climate change and the Central American Free Trade Agreement (CAFTA) have destabilized the economies and lives of many in Central America and are driving migration.
Regulatory cooperation has provided a forum for multinational business interests to influence government regulators in secretive committees that largely exclude consumer, environmental and other civil society representatives.
Elimination of these tariffs is expected to remove a significant barrier to passing the United States-Mexico-Canada Agreement (USMCA).
Rather than enhancing public health protection the USMCA places new, extended, and enforceable obligations on public regulators that increase the power of corporate interests during the development of new regulations.
The new NAFTA checks in at nearly 2,000 pages, with corporate giveaways larded throughout that directly impinge on state and federal authority to protect the public.
The trilateral trade agreement is currently lacking the requisite amount of support from Democrats for it to be put to a vote in the US Congress.
Mexico’s top trade negotiator said he hopes congressional Democrats can “appreciate” what Mexico’s reforms mean for labor rights throughout the continent.
The bill enshrines the right of Mexican workers to organize and gives them more control over their contracts.
The USMCA simply follows the failed model of prior free-trade agreements adopted over the past 25 years, which facilitate corporate offshoring to low-wage countries while undermining democratic power.
The head of the largest US labor union said he opposes ratification of the new North American free trade pact, because he doubts Mexico will enforce labor reforms required by the deal.
A government report has concluded that the Trump administration’s revised North American trade agreement would offer modest benefits to the economy, challenging the president’s claims that the accord would make far-reaching changes.
NAFTA 2.0 is not about feeding people or doing right by American farmers or Canadian farmers or Mexican farmers—it is about furthering corporate profit.