ipl-logo

Pros And Cons Of NAFTA Negotiations

744 Words3 Pages

Like an elegant boxing match, NAFTA negotiations have been a bitter battle going back and forth between the three nations of the North American Continent. President Trump has threatened time and again to end the deal if America is not given respect. The negotiations are hearing the last bell as talks hit the sixth round.

Their last chance to meet a compromise, Canada has begun looking for new partners. Currently, 75% of their exports are sent to the United States. Mexico, who still refuses to pay for the wall, has shown signs of considering concessions. Needing the trade deal to continue, the two nations rely heavily on the United States and the important trade deal.

On Tuesday the North American Trade Deal Agreement (NAFTA) went into a key …show more content…

The original NAFTA agreement was signed in 1994 and President Trump has threatened to leave the deal multiple times during his presidency.

Calling NAFTA a disaster of a trade deal, the president asserts the agreement treats the United States very unfairly. After signing tariffs on imported solar panels and washing machines, the president said the talks to renegotiate the agreement are moving along very well and if they do not bear fruit, he will leave the deal.

Teams met to speak about the deal in Montreal on Tuesday for the for their 6th and final round of talks for negotiations. Scheduled to end in March, the Mexican elections should hold no bearing on the negotiations of the trade deal.

Canadian and Mexican negotiators have announced they are prepared to be flexible when it comes to trade with the United States. Recognizing an unquestionable deficit, the two countries are willing to discuss the manufacture of vehicles to help make the U.S. qualify for duty-free …show more content…

The delegation from Mexico has asked to find solutions on food safety, telecommunications, and anticorruption.

Although Congress has not submitted a clear proposal for Washington’s stance in the trade deal, the team from the United States are pushing to perform the president’s agenda of America first. The broker believes it very unlikely the U.S. will abandon the trade deal.

Some Canadian officials have expressed some pessimism over Washington’s abstinent view on some of the renegotiating terms. One Canadian confessed he was feeling pressured to capitulate to Washington’s demands, and hoped he would not have to walk away from such a treatise. The team from the north admitted it can be hard to create terms without knowing what the other side wants.

Canada currently sends a total of 75% of their national exports to the United States and relies heavily on trade partnership. Desperate for a trade partner, Canada signed reworked Trans Pacific Partnership (TPP) early on Tuesday. Ten other nations have come together with Canada to ensure the global trade agreement continues forward after President Trump vetoed the agreement soon after his

Show More
Related

Pros And Cons Of Nafta For Canada

576 Words | 3 Pages

The North American Free Trade Agreement, otherwise known as NAFTA, is an international trade agreement between Canada, Mexico, and the United States, designed to remove tariff barriers between all three nations. Signed in the January of 1994 with final implications made in 2008. This has created substantial economic growth for Canada and its other two counterparts. NAFTA has increased trade for the Canadians, and as a result has created lots of jobs for Canada. Overall, NAFTA has been extremely beneficial for Canada since it was established in 1994.

Read More

Maquiladoras (North American Free Trade Agreement (NAFTA)

497 Words | 2 Pages

In 1993, President Bill Clinton and Congress drafted NAFTA (North American Free Trade Agreement), which was designed to benefit the economies of Canada, Mexico, and the United States. Its preamble

Read More

How Did The Nafta Affect Canada

648 Words | 3 Pages

Since the FTA had shown such great results for Canada as well as the US, the partnership then extended to mexico, further establishing bonds between Canada’s new trading partner. “ The NAFTA superseded the Canada-U.S. Free Trade Agreement (CUFTA), which had come into effect five years earlier on January 1, 1989. At that time, Canada and the United States signed an historic agreement that placed them at the forefront of trade liberalization.” (Government of Canada, Foreign Affairs Trade and Development Canada, Deputy Minister of Foreign Affairs, Assistant Deputy Minister Corporate Planning, Finance and Information Technology, Deputy Minister of International Trade, Area Management Office. Web.8 Dec. 2015) NAFTA was established only a short five years after the FTA was first signed, the effects from the FTA greatly encouraged NAFTA to then be established so close in time.

Read More

TPP Vs Cma

466 Words | 2 Pages

For a few years now, the government of Canada and the other Pacific nations are talking about the creating the TPP agreement. The goal of TPP is to create new jobs, increase economic growth, enhance innovation, productivity and competitiveness, reduce poverty and will raise labor and environmental protection. Many Canadian workers have been protesting against this agreement because most of the gains the in income would go to workers making more than $88,000 a year. The free-trade agreement would contribute to income equality basically meaning that in the high wage countries they will promote cheap goods that were made in the low wage countries.

Read More

How Did Henry Clay Realize The Annexation Of Texas?

1438 Words | 6 Pages

His final statement is that Mexico does not realize what it is about to lose (A Mexican official’s view of…

Read More

Pros And Cons Of Nafta

1350 Words | 6 Pages

The North American Free Trade Agreement is an arrangement between the United States, Canada, and Mexico that oversees many laws on the imports and exports of products between these three nations. Buying and selling goods without taxes, fees or hindrances was conducted through this agreement. North American Free Trade Agreement is one of the most influential international agreement between these three countries that defined the economic, social and political development of the North American region. NAFTA is a fantastic deal for Canada since it opens doors and allows Canada to remain competitive on the world market, increases employment opportunities across Canada, and the elimination of tariffs decreases the price of consumer goods throughout

Read More

Mark Milke The Benefits Of Nafta

818 Words | 4 Pages

Both articles discuss what purpose The North American Free Trade Agreement (NAFTA) should serve. However, the authors have different views regarding NAFTA. I am analyzing the second article because I appreciate the way the author portrays NAFTA. The author, Mark Milke, focuses on the benefits of the free trade agreement by using normative, positive, and analytical statements. These statements help him further the case he is making in his article.

Read More

How Does Donald Trump Affect Canada

326 Words | 2 Pages

Therefore, since he has complete control, Trump has the power to terminate any free trade deal with Canada.

Read More

Nafta Influence On Mexican Immigration

391 Words | 2 Pages

The American companies would go ahead to make exorbitant profits at the expense of the poor Mexicans. As such, the treaty was seen as beneficial only on the side of America looking at the situation of the general population. Neoliberalism has played

Read More

Reciprocity In Canada

656 Words | 3 Pages

Reciprocity and free trade are two distinct debates which has occurred at separate periods throughout Canadian history. Both are periods in which the Canadian and U.S. governments attempted to broker a deal which would lower tariff walls and allow good to move smoothly between the countries. Reciprocity occurred in 1911 when the Prime Minister Laurier attempted to implement free trade with the U.S. Free Trade is prominently in terms of the 1980’s in which the government under Brian Mulroney wished to once again implement a free trade deal with the U.S. in 1911 free trade was defeated and the government of Robert Borden won an election on the issue. In 1988 once again an election was held on the issue of free trade, this time it was successful and implemented following the election. Free trade has had a very significant history within Canada.

Read More

Nafta Impact On Canada

1364 Words | 6 Pages

NAFTA is an agreement between Mexico, Canada, and the United States that came into effect on January 1st, 1994; this treaty held a lot of historical significance since it was a turning point for Canada’s development and for the prosperity they would face in the following decades. NAFTA stands for North American Free Trade Agreement; and as the name implies, it was a trade agreement that eliminated tariffs from being placed on imported and exported goods between the three countries. The origins of the treaty came from the FTA, which was another trade agreement established a few years prior on January 1st, 1989, between America and Canada. When the U.S. and Mexico were in negotiations of making a trade agreement similar to the FTA; Canada stepped

Read More

Donald John Trump's State Of The Union 2020 Address

1632 Words | 7 Pages

That study also found, however, that when excluding the provisions that reduce policy uncertainty, the effect on U.S. GDP is actually -0.12 percent.” (Staff et al., 2020). Showing that though there is a similarity between trade deals the effect on Gross Domestic Product would

Read More

The Pros And Cons Of Donald Trump

1036 Words | 5 Pages

But where the differences begin is with the tariffs – “We can’t get lost in an old debate about traditional tariffs,” (Mauldin) the Mexican Economy Minster said. The trade minister when NAFTA was originally negotiated, Jaime Serra, also disagrees and believes export quotas should be off the table. It is clear that import tariffs will spur a great deal of debate when NAFTA is renegotiated in 2017. As the article notes, the U.S. president does have the right to levy emergency tariffs, as given by congress.

Read More

The Irresponsibility Of War: Native Americans And The Mexican War

172 Words | 1 Pages

The Mexican Government cannot shift the responsibility of war upon the United States, by assuming that we are aggressors… they refused to meet with our envoy, who was present." Mexico wouldn't

Read More

Trudeau Letter Sample

1111 Words | 5 Pages

Trudeau Letter of Interest I am writing this letter to express my interest in applying for the Trudeau Scholarship. In this letter, you will find a summary of my proposed research as well as a description of my qualifications. I am confident that my academic achievements, research potential, and leadership capabilities qualify me to be considered for the Trudeau doctoral scholarship. I hope you will find my research engaging and deserving. Trade liberalization is a key component of the world economic agenda required for long-term growth, prosperity, and sustained reduction of poverty and inequality reduction.

Read More

More about Pros And Cons Of NAFTA Negotiations

Related Topics

Open Document