World

NewsAlert: US triggers 90-day window ahead of NAFTA renegotiations

NewsAlert: US triggers 90-day window ahead of NAFTA renegotiations

"The Department of Commerce and U.S. International Trade Commission found Mexican dumping and subsidies to be injuring U.S. sugar farmers and producers in 2015, and the United States is actively working to get suspension agreements with Mexico renegotiated or antidumping or countervailing duties imposed to prevent further injury to our domestic industry quickly", she wrote.

Since the election of US President Donald Trump the future of the North American Free Trade Agreement has been in question.

"We are going to give renegotiation a good strong shot", Lighthizer says, noting that the 23-year-old agreement needs to better protect American factory workers and to reflect new technologies. U.S. Trade Representative Robert Lighthizer told reporters in a conference call today.

On Thursday, Lighthizer said he hoped they could complete the renegotiation by year's end, a tight timetable by recent trade talk standards.

Saudi Arabia is making every effort to dazzle and impress President Donald Trump on his first overseas trip.

"NAFTA's track record is one of economic growth and middle-class job creation, both here in Canada and throughout North America", Freeland said in a statement.




Gov. Pete Ricketts on Tuesday stood with a Mexican trade delegation and American grain industry leaders to emphasize the importance of the soon-to-be-renegotiated North American Free Trade Agreement. Orrin Hatch, R-Utah, said in a statement. "We need to be careful what we say", Doggett added.

U.S. Trade Representative Lighthizer has notified Congress of intent to renegotiate NAFTA.

"The plan is to address intellectual property rights, regulatory practices, state-owned enterprises, services, customs procedures, sanitary and phytosanitary measures, labor, environment, and small and medium enterprises".

Lighthizer said the administration seeks to renegotiate NAFTA in order to support higher-paying jobs in the USA and grow the economy by improving opportunities under the trade deal. He refused to say whether leaving NAFTA remained an option.

This means negotiations can begin at the earliest in August. However, U.S. agriculture generally has benefited from NAFTA, and ag groups have urged Trump not to pull out of it.

That letter called for restricting federal procurement to US suppliers, re-examining an often criticized legal process that settles disputes between investors and governments, and renegotiating NAFTA's rules of origin, which determine how much raw material from outside North American can be included in goods that qualify for the favourable terms of the trade pact.


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