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Dairy Under A New NAFTA

Dairy Under A New NAFTA

Dairy Under A New NAFTA

The Trump administration's July 17 release of its plan to modernize NAFTA takes aim at the us trade deficit with Mexico and promises updates in areas like digital commerce and labor and environmental provisions. Canada, though, feels the language is more directed at Mexico, which runs a large trade surplus with the United States, said a source familiar with Canadian government thinking.

With the Republican health care bill moribund in the Senate, President Donald Trump is turning his eye to trade negotiations with Mexico and Canada to fulfill a major campaign pledge to even out trade deficits with other countries. "The thought that you could do all of this in an expedited negotiation is very optimistic". As Reuters notes, neither Canada or Mexico is now on a U.S. Treasury "watch list" for possible currency manipulation.

The summary makes no mention of such tariffs, instead calling for the new agreement to "maintain existing reciprocal duty-free market access for industrial goods and strengthen disciplines to address nontariff barriers that constrain USA exports to NAFTA countries".

Reuters reports that with talks due to start next month between the United States, Mexico and Canada, Mexican officials have stressed the need to craft a new deal that would strengthen the region against competitors, particularly in Asia.

USTR said that it had received more than 12,000 comments in response to its consultation, and heard from 140 witnesses at public hearings.

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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. NCBA has expressed concern that any changes to the terms of NAFTA that impact beef and cattle trade may jeopardize the industry's current access to Canada and Mexico.

"The negotiating objectives also include adding a digital economy chapter and incorporating and strengthening labor and environment obligations that are now in NAFTA side agreements", the USTR said in a written statement that accompanies the report.

When a US industry believes that a Canadian or Mexican competitor is gaming the rules of trade by receiving unfair subsidies or selling its products in other countries at ultralow prices, it can appeal to a USA worldwide trade court to put extra taxes, called anti-dumping or countervailing duties, on those products.

Congressman Ron Kind, a Democrat from Wisconsin, says he does not want to jeopardize a crucial trading relationship with Canada. In June, U.S. Agriculture Secretary Sonny Perdue said he would prefer to address dairy irritants before NAFTA talks begin and said supply management was fine as long as though it did not harm the U.S. industry. "But in Arizona, and in southern Arizona, we've been able to grow our economy because of cross-border commerce". The opposition Conservatives, who negotiated the original trade deal, remain committed to NAFTA.

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