Posts Tagged ‘NAFTA talks’

Difficult NAFTA Talks Resuming After ‘Impasse’

Talks resuming after Trump tells Asia he favors bilateral agreements.

by on Nov.14, 2017

U.S. Trade Representative Robert Lighthizer complained that officials from Mexico and Canada are reneging on parts of the deal already agreed to by all sides.

Trade representatives from the U.S., Canada and Mexico are scheduled to meet in Mexico City for another round of negotiations to update the North American Free Trade Agreement.

Last month’s discussions ended in what was described as an “impasse” that left the fate of the agreement on potentially shaky ground. Meanwhile, President Donald Trump has used his just-ended Asian tour to talk about his dislike of multilateral trade deals.

News on NAFTA!

Instead, as he traveled through Asia, Trump has talked up his preference for bilateral trade deals with trading partners, such as Japan. (more…)

Raising Mexican Wages Key to New NAFTA Deal

Canadian, U.S. teams to pressure Mexico on wage concerns.

by on Oct.31, 2017

U.S. and Canadian negotiating teams agree that wages for Mexican workers are too low.

Despite differences, Canadians and negotiators for the United States apparently agree on one thing — the wages of Mexican workers are way too low under the current North American Free Trade Agreement.

Jerry Dias, president of Unifor, Canada’s largest private sector union, who has become an informal adviser on NAFTA to Canadian Prime Minister Justin Trudeau, said after a meeting with U.S. Secretary of Commerce Wilbur Ross that the U.S and Canada have agreed that addressing the core issue of low Mexican wages is a key to breaking the impasse at NAFTA re-negotiations.

NAFTA News!

“There is a clear understanding that Canadian and American workers have both been injured by the siphoning off of manufacturing jobs to Mexico,” said Dias after the meeting “We agreed that Canada and the U.S. must work together to pressure Mexico to drive up wages significantly or face joint retaliatory measures.” (more…)

Automakers Wary of Trump’s Plans for NAFTA Talks

President's plans contradict auto industry interests.

by on Aug.14, 2017

Negotiating points outlines by the Trump Administration have U.S. automakers concerned.

Despite continued promises to bring back automotive manufacturing jobs to the U.S. through a renegotiation of the North American Free Trade Agreement, the Trump Administration’s efforts are likely to harm to the auto industry.

The NAFTA talks are nearly set to begin and a few of the major sticking points outlined by U.S. negotiators have auto industry officials wringing their hands over the anticipated negative impact they’ll have.

Stay in the Loop!

In attempt to increase the number of auto jobs, U.S. Trade Representative Robert Lighthizer wants to strengthen the rules of origin to block more parts from Asia as well as set a U.S.-specific content requirement for vehicles coming into the U.S. from Mexico. (more…)

Big Changes to NAFTA Could Put Big Hurt on US Consumers

Study shows automakers could see a big increase in costs.

by on Jul.19, 2017

The Big Three automakers would like NAFTA to remain status quo; however, the Trump administration is renegotiating the deal next month.

The proposed border adjustment tax and withdrawing from the North American Free Trade Agreement are unlikely to achieve President Donald Trump’s goals of keeping manufacturing jobs in the U.S. and could actually hurt manufacturing in the process.

Those moves by Trump, if enacted, wouldn’t reverse the trend of moving manufacturing jobs to low-cost countries and could potentially harm the U.S. motor vehicle industry by driving up the cost of new vehicles by hundreds of dollars and leading to the elimination of thousands of jobs in the U.S., a new study found.

Insight!

The study, commissioned by the Motor & Equipment Manufacturers Association (MEMA) and conducted independently by the Boston Consulting Group examined the real-world implications of a border tax and changes to NAFTA on the motor vehicle sector, which now depends on an integrated supply chain the depends on plants in Canada, the U.S. and Mexico. (more…)

No Change to NAFTA Rule of Origin, Mexico Auto Exec Says

Trump readying for trade deal negotiations.

by on May.23, 2017

The Big Three automakers would like NAFTA to remain status quo; however, the Trump Administration is renegotiating the deal this summer.

Trump Administration officials recently began the official process to open talks about renegotiating the North American Free Trade Agreement and they’re going to find the auto industries officially agree on at least one point.

The auto industries in the U.S., Mexico and Canada all believe there shouldn’t be any changes to the rules of origin, Eduardo Solis, president of the Mexican automakers industry group AMIA, told Reuters.

Trade News!

“Our position is that the trade agreement has been a success, and we shouldn’t be touching something as important as the rules of origin,” Solis told Reuters. (more…)

читать дальше

read here