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US Releases NAFTA Renegotiation Objectives
19 July 2017, 07:30 | Katie Chavez
Cars line up to enter the U.S. at the international boundary with Mexico in Nogales
And environmental provisions that could be added are "orders of magnitude superior to what is in NAFTA today", said Jeffrey Schott of the Peterson Institute for International Economics.
Lee has long advocated for the loosening of Canadian guards against USA businesses setting up shop in Canada.
"Too many Americans have been hurt by closed factories, exported jobs, and broken political promises" said Robert Lighthizer, promising that his department would now "negotiate a fair deal". Specifically, the administration Trump says she wants to "promote the competitiveness of telecommunications services in facilitating their entry into the market".
According to standards established by Congress in the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (TPA), negotiations will begin no earlier than August 16.
Business leaders have formed an intelligence group to support the negotiating team with information, analysis, potential scenarios and concrete positions, he said. It will be urged to increase its duty-free limit to $800 from its current $20, according to the document released Monday by the US trade czar. The administration began three months of domestic consultations in May under the so-called fast-track process that enables the government to seek a simple yes-or-no vote from Congress on new trade deals. He has since backed away from eliminating the United States' participation in the agreement, but his administration is moving ahead with a renegotiation.
The Trump administration is in the midst of a 90-day period to gather information from stakeholders before starting trade talks. We look forward to expanding our market opportunities with our North American neighbors even further by bringing this agreement into the 21st century.
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According to Monday's set to objectives, the Trump administration will take aim at reducing US trade deficits.
Manufacturing and business groups in the USA had a muted reaction.
The Trump Administration is seeking a renegotiated agreement that will reduce the USA trade deficit, along with boosting market access in Canada and Mexico for US manufacturing, agriculture and services, the USTR explained.
That's notthe kind of rhetoric you see in free trade agreements, which are created to promote the easy global exchange of goods and services. Most of the new goals reflect USA interests.
Mexico's government didn't immediately respond to the Trump administration's negotiating objectives.
And numerous proposed changes - such as raising labor and environmental standards, updating trade rules to account for the rise of digital goods and services, and regulating state-owned enterprises - come directly from agreements that were forged during TPP negotiations. The event was held shortly after Washington agreed with China to resume beef exports, but some 60 ranchers who gathered at U.S. Senator Deb Fischer's Sunny Slope Ranch quickly turned to NAFTA.
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