Patrick Kilbride North America is having a political moment. Parties are not just polarized, but at times seem worlds apart. How leaders in North America react to the current paradigm will shape the future of the region for years. The decisions we make on the North America Free Trade Agreement (NAFTA) today will have ramifications […]
Tuesday, August 15, 2017 – 9:00am Thomas J. Donohue Negotiators from the United States, Mexico, and Canada will begin Wednesday the formal process of modernizing one of the world’s most important trade pacts. By updating the North American Free Trade Agreement (NAFTA), they have the opportunity to spur a new era of growth that promises […]
35 U.S. food and agricultural organizations sent a letter to the administration requesting that efforts to “do no harm” in the NAFTA modernization negotiations include “preserving and improving upon dispute settlement provisions under Chapter 19”. The group notes that the chapter provides an effective tool to hold “Mexican and Canadian anti-dumping (AD) and countervailing duties […]
Jose W. Fernandez, Partner at Gibson Dunn & Crutcher LLP, and Christopher Padilla, Vice President for Government Affairs at IBM, argue that while the U.S. private sector supports the U.S. administration’s effort to modernize NAFTA, it should be ready to urge Congress to reject any deal that is broadly more trade restrictive. Read the full […]
The consensus view of economists is that neither the broad U.S. trade balance nor the U.S. trade balance with a specific trading partner is an appropriate gauge of whether a particular set of trade policies—or trade agreements—is delivering benefits to the American people (more on that here and here). Regardless, it is clear that terminating […]
Support for a withdrawal from NAFTA is very low among Americans, according to a poll commissioned by Livingston International. The survey, which was conducted online by Harris Poll, revealed that 45 percent of Americans believe the agreement has contributed to U.S. economic growth and 57 percent of Americans believe withdrawal from the agreement will result […]
USA Today’s Editorial Board outlined the rationale for remaining in NAFTA, noting that the agreement could use an update. “Pulling out of NAFTA would be a grave mistake. It would punish the many innovative U.S. companies and farm interests that have thrived under the 23-year-old free trade agreement. And it would make U.S. industry less […]
As the Chamber has said before, we strongly believe the modernization of the NAFTA is a reasonable and achievable goal. However, ideas like raising the percentage in the rules of origin chapter is one reason companies regard these negotiations with trepidation that the outcome could endanger the rules that have made North America the most competitive place in the world.
The Chamber was a strong voice for the American business community during the original NAFTA negotiations 25 years ago, and we welcome the opportunity to update the agreement. Our economy has changed in exciting ways over recent decades—partly because of the trade, growth, and cooperation the NAFTA has promoted. Now we have an opportunity to make the agreement even better and, in doing so, to launch a new age of economic growth and job creation.
Nearly two decades ago, Drew Greenblatt purchased a small manufacturing business in Baltimore, Maryland. Since then, he has nearly doubled the number of employees at Marlin Steel Wire Products. Over that same period, he doubled the firm’s sales. Then he doubled that. Then he doubled it again. In large measure, Greenblatt’s success and Marlin Steel’s growth have been fueled by exporting the company’s wire baskets, wire forms and sheet metal products to customers abroad, with more than a quarter of the company’s revenue now stemming from international sales. Looking at it another way, seven of the Marlin Steel’s 29 workers’ jobs are directly tied to the company’s exports. Less than two miles up the road from Marlin Steel is another company that counts on NAFTA. Ellicott Dredges, the country’s leading manufacturer of dredging equipment (used to deepen waterways), and its employees were vocal supporters of the trade agreement back when it was being debated in the early ‘90s. Ellicott President Peter Bowe says the trade deal immediately gave his 100-plus-year-old business a boost – and it continues to pay dividends to this day.