Renegotiating Nafta
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The Renegotiation Of Nafta
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Author : Taylor & Francis Group
language : en
Publisher:
Release Date : 2019-09-19
The Renegotiation Of Nafta written by Taylor & Francis Group and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-09-19 with categories.
A Path Forward For Nafta
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Author : C. Fred Bergsten
language : de
Publisher: Peterson Institute for International Economics
Release Date : 2017-07-31
A Path Forward For Nafta written by C. Fred Bergsten and has been published by Peterson Institute for International Economics this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-07-31 with Business & Economics categories.
The North American Free Trade Agreement (NAFTA) ranks at the top of anyone’s list of the most controversial trade deals of all time. Reviled by critics as unfair and as a job destroyer, praised by its defenders as having a documented record of success in spurring economic growth, NAFTA reduced tariff barriers to zero for the United States, Mexico, and Canada and led to a tripling of trade among these three countries over the last 23 years. The Peterson Institute for International Economics (PIIE) has abundantly detailed the many gains and acknowledged costs of NAFTA in numerous publications. Now that President Donald Trump has launched a renegotiation of NAFTA—having at least for the moment abandoned his 2016 campaign pledge to cancel the pact outright—the fundamental question is: Can such a renegotiation produce a positive result? A broad range of experts who have contributed to this PIIE Briefing say “yes.” The new negotiations can succeed only if they focus on how the agreement can be updated and upgraded, however. NAFTA can be modernized only if President Trump’s zero-sum “America First” agenda is replaced by one that seeks to benefit all three countries and improve their competitiveness in an increasingly competitive global economy. Prioritizing American interests is of course essential in any US trade negotiation. But an obsessive concern about bilateral trade balances and narrow special interests in the United States, as opposed to broader national and regional interests, would not only deadlock the negotiations but also likely lead to inferior outcomes for all three countries, or even a breakdown in the talks and an abrogation of the agreement. And walking away from NAFTA altogether would be disastrous for consumers, producers, and retailers in the United States. As argued in several chapters of this Briefing, abandoning NAFTA would degrade regional competitiveness and terminate jobs across North America, undoing the integration achieved since the agreement’s inception.
Renegotiating Nafta And U S Textile Manufacturing
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Author : Congressional Research Service
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2017-11-13
Renegotiating Nafta And U S Textile Manufacturing written by Congressional Research Service and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-13 with categories.
When the North American Free Trade Agreement (NAFTA) was negotiated more than two decades ago, textiles and apparel were among the industrial sectors most sensitive to the agreement's terms. NAFTA, which was implemented on January 1, 1994, has encouraged the integration of textile and apparel production in the United States, Canada, and Mexico. For example, under NAFTA's "yarn-forward" rule of origin, textiles and apparel benefit from tariff-free treatment in all three countries if the production of yarn, fabric, and apparel, with some exceptions, is done within North America. The United States maintains a bilateral trade surplus in yarns and fabrics with its NAFTA partners. In 2016, the United States had a $4.1 billion surplus in yarns and fabrics and a positive balance of around $720 million in made-up textile products (such as home textiles and furnishings) with Canada and Mexico. U.S. exports of yarns and fabrics shipped to Mexico and Canada were valued at close to $6 billion last year. In apparel, the United States had a trade surplus with Canada of $1.4 billion and a trade deficit with Mexico of $2.7 billion in 2016. On May 18, 2017, the Trump Administration notified Congress of its intent to renegotiate the agreement. In July 2017, the Administration announced specific goals for textiles and apparel among its renegotiating objectives, which include improving competitive opportunities for U.S. textile and apparel products, but also taking into account U.S. import sensitivities. Also germane to textiles and apparel are several other renegotiating objectives, such as enhancing customs enforcement to prevent unlawful transshipment of these goods from outside the region and ensuring that requirements for use of domestic textiles and apparel in U.S. government purchases primarily benefit producers located in the United States. NAFTA renegotiation started in August 2017. There is widespread support for continuation of the agreement among U.S. textile and apparel producers, although there are significant differences of opinion with respect to certain provisions. In particular, U.S. textile manufacturers generally favor eliminating all exceptions to NAFTA's yarn-forward rule, whereas U.S. retailers and apparel groups oppose tightening the rule. If the United States were to exit NAFTA, imports of textiles from Mexico and Canada would face U.S. tariffs as high as 20%, and imports of apparel would have tariff rates of up to 32%. U.S. exports of textiles and apparel could face higher tariff rates entering Canada and Mexico. One possibility is that U.S. withdrawal from NAFTA could lead U.S. retailers and apparel brands to source more of their goods from Asia, which could reduce demand for U.S.-made yarns and fabrics within the NAFTA region.
Renegotiating Nafta
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Author : Committee on Agriculture House of Representatives
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2017-10-20
Renegotiating Nafta written by Committee on Agriculture House of Representatives and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-20 with categories.
American farmers and ranchers are the most efficient, productive and competitive producers in the world. Their ability to meet the rapidly-growing and ever-changing demands both at home and abroad has allowed our country to become one of the world's most open agricultural economies, supplying our trading partners with a safe and affordable food and fiber supply. These trade relationships have become an essential part of the U.S. agricultural industry, and nowhere is trade more important than in our relationships with our neighbors to the north and south. For more than 20 years, NAFTA has governed trade among our three countries, and in that time U.S. agricultural exports to Canada and Mexico have nearly quadrupled. Both countries have remained essential trading partners for the U.S., accounting for roughly 28 percent of total U.S. agricultural trade. While Canada and Mexico regularly are two of our top three export destinations for agricultural products, they also remain the United States' largest suppliers of agricultural inputs. In 2016, while the U.S. continued to run an overall trade surplus in agriculture, we managed to run a trade imbalance with both Canada and Mexico, totaling over $6 billion. A lot has changed since the 1994 agreement was signed. All three economies are much larger and production agriculture has evolved and improved, growing to meet ever-changing consumer demands and technological advances.
The North American Free Trade Agreement Nafta
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Author : M. Villarreal
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2017-02-28
The North American Free Trade Agreement Nafta written by M. Villarreal and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-02-28 with categories.
The North American Free Trade Agreement (NAFTA) entered into force on January 1, 1994. The agreement was signed by President George H. W. Bush on December 17, 1992, and approved by Congress on November 20, 1993. The NAFTA Implementation Act was signed into law by President William J. Clinton on December 8, 1993 (P.L. 103-182). The overall economic impact of NAFTA is difficult to measure since trade and investment trends are influenced by numerous other economic variables, such as economic growth, inflation, and currency fluctuations. The agreement likely accelerated and also locked in trade liberalization that was already taking place in Mexico, but many of these changes may have taken place without an agreement. Nevertheless, NAFTA is significant, because it was the most comprehensive free trade agreement (FTA) negotiated at the time and contained several groundbreaking provisions. A legacy of the agreement is that it has served as a template or model for the new generation of FTAs that the United States later negotiated, and it also served as a template for certain provisions in multilateral trade negotiations as part of the Uruguay Round. The 115th Congress faces numerous issues related to NAFTA and international trade. President Donald J. Trump has proposed renegotiating NAFTA, or possibly withdrawing from it. Congress may wish to consider the ramifications of renegotiating or withdrawing from NAFTA and how it may affect the U.S. economy and foreign relations with Mexico and Canada. It may also wish to examine the congressional role in a possible renegotiation, as well as the negotiating positions of Canada and Mexico. Mexico has stated that, if NAFTA is reopened, it may seek to broaden negotiations to include security, counter-narcotics, and transmigration issues. Mexico has also indicated that it may choose to withdraw from the agreement if the negotiations are not favorable to the country. Congress may also wish to address issues related to the U.S. withdrawal from the proposed Trans-Pacific Partnership (TPP) free trade agreement among the United States, Canada, Mexico, and 9 other countries. Some observers contend that the withdrawal from TPP could damage U.S. competitiveness and economic leadership in the region, while others see the withdrawal as a way to prevent lower cost imports and potential job losses. Key provisions in TPP may also be addressed in 'modernizing' or renegotiating NAFTA, a more than two decade-old FTA. NAFTA was controversial when first proposed, mostly because it was the first FTA involving two wealthy, developed countries and a developing country. The political debate surrounding the agreement was divisive with proponents arguing that the agreement would help generate thousands of jobs and reduce income disparity in the region, while opponents warned that the agreement would cause huge job losses in the United States as companies moved production to Mexico to lower costs. In reality, NAFTA did not cause the huge job losses feared by the critics or the large economic gains predicted by supporters. The net overall effect of NAFTA on the U.S. economy appears to have been relatively modest, primarily because trade with Canada and Mexico accounts for a small percentage of U.S. GDP. However, there were worker and firm adjustment costs as the three countries adjusted to more open trade and investment. The rising number of bilateral and regional trade agreements throughout the world and the rising presence of China in Latin America could have implications for U.S. trade policy with its NAFTA partners. Some proponents of open and rules-based trade contend that maintaining NAFTA or deepening economic relations with Canada and Mexico will help promote a common trade agenda with shared values and generate economic growth. Some opponents argue that the agreement has caused worker displacement.
Renegotiating Nafta
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Author : Dan Ciuriak
language : en
Publisher:
Release Date : 2017
Renegotiating Nafta written by Dan Ciuriak and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
Building on, and indeed ratcheting up, the rhetoric of the US election campaign, the new Trump Administration has signalled disruptive change to US trade relations. The not-yet-in-force Trans-Pacific Partnership was torn up on day one of the new presidential term, the future of NAFTA was thrown into great uncertainty following the breakdown of a NAFTA leaders meeting, and punitive tariff rhetoric could impact significantly on corporate import-sourcing decisions, disturbing established supply chains. Canada is not the principal target in the cross-hairs of the Trump Administration - this bilateral relationship only needs “tweaking” from the Trump Administration perspective, based on the first leader's meeting - but Canada has never gotten a bye when the United States has moved on its perceived commercial interests. This note sketches out the likely contours of a NAFTA renegotiation, focussing on Canada's interests, on the premise that NAFTA will survive the political challenges that have emerged.
Renegotiating Nafta
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Author : United States. Congress
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2017-11-16
Renegotiating Nafta written by United States. Congress and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-16 with categories.
Renegotiating NAFTA : opportunities for agriculture : hearing before the Committee on Agriculture, House of Representatives, One Hundred Fifteenth Congress, first session, July 26, 2017.
Renegotiating Nafta
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Author : Haviland Sheldahl-Thomason
language : en
Publisher:
Release Date : 2018
Renegotiating Nafta written by Haviland Sheldahl-Thomason and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
Renegotiating Nafta
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Author :
language : en
Publisher:
Release Date : 2017
Renegotiating Nafta written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Electronic books categories.
Getting It Right
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Author :
language : en
Publisher:
Release Date : 2017
Getting It Right written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Trade regulation categories.