Thursday, 18 October, 2018

Canada Dairy Industry: New NAFTA a Bad Outcome

Trump and Trudeau agree on a revised NAFTA deal Canada-US reach deal to reform NAFTA
Kenneth Drake | 04 October, 2018, 08:40

As such, the announcement that Canada has joined the USA and Mexico in the proposed new NAFTA is a constructive development.

Trudeau said pursuing deeper trade with China remained a part of the government's economic diversification strategy that has seen it sign a free trade pact with the European Union, move to ratify the rebooted Trans-Pacific Partnership this fall and push for deeper ties with South American countries.

USMCA is said by analysts to be similar to Nafta in many respects but there is improved access for United States agricultural goods, including the dairy products which Canada in particular had tried to limit.

In a statement, Canacero said it supported efforts to find a solution to the impasse before the leaders of Mexico, the United States and Canada signed USMCA, which officials say could happen at a G20 summit at the end of November.

"We urge Congress to approve the USMCA", said API president and CEO Mike Sommers.

Trotter said there's renewed excitement among dairy farmers.

Though experts were still examining the deatails of the USMCA, its extension of patents on biologics to 10 years could have an "enormous" cost on the health care system.

So the nuclear option was deployed: telling the president about Freeland and reminding him about the summer G7 meetings in Quebec, where Trudeau's closing news conference so agitated Trump that he used his Twitter feed to attack the prime minister from the confines of an airborne Air Force One. "We do not know what the USTR and Congress will do to make sure the words in the agreement are carried out". It does not touch steel and aluminum tariffs and counter-tariffs.

Ujczo said the Trump administration was never "red in tooth and claw" about radically transforming NAFTA in the first place.

"Unfortunately, we have been presented with an unfinished text to review".


NAFTA is out, USMCA is in.

"The Teamsters are pleased with the progress that has been made towards replacing NAFTA".

Vital to OH, and North America at-large, is that the deal maintains the North American production system for automobiles, Hill said, which is important for the continental supply chain.

John Weekes, Canada's chief NAFTA negotiator in the early 1990s, said the new clause is no different from the pact's original clause that gives any country the right to terminate the agreement on six-month's notice for any reason.

If no solution can be found, Mexico should put tariffs on USA steel to level the playing field, Canacero said.

"However, until we are satisfied that those obligations will be subject to swift and sure enforcement, we can not endorse this renegotiation".

"The economic ties between the three countries are a major contributor to each country's financial success, and no state benefits more from the NAFTA relationship than Texas". - Reinvigorating U.S. vehicle manufacturing.

The United States, Mexico, Canada Agreement, or USMCA, includes better terms for us dairy farmers, perhaps the most important goal for USA negotiators.

Energy and equipment manufacturing industry representatives are applauding a new trade agreement announced by the White House on October 1.

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