Economy

United States slow to present specifics on key NAFTA demands

United States slow to present specifics on key NAFTA demands

The study, based on Trade in Value Added data recently released by the Organization for Economic Cooperation and Development, shows that between 1995, the year after NAFTA went into effect, and 2011, USA content of manufactured goods imported from Canada dropped significantly - from 21 percent to 15 percent. Exports added $50 - representing 36% of the $140 average value of a hog - to every USA hog marketed in 2016, when $5.9 billion of US pork was exported. The data is available only until 2011, but there is no reason to think that the situation has improved since then.

The teams will meet in Canada in late September and return to the United States in October, with additional rounds being planned for the remainder of the year.

Roughly 75 per cent of the value of all auto parts used in North American-built vehicles is sourced within NAFTA, well above the 62.5 per cent threshold required for finished automobiles to move duty-free between NAFTA countries.

It remains to be seen if the USA, which triggered the negotiations, will finally table detailed proposals on any of those issues. Both Canada and Mexico sell more than three-quarters of their exported goods to the United States.

Pork producers rely on export markets for adding value to their product as about 26% of US pork produced ends up in foreign markets. Unifor National Secretary-Treasurer Bob Orr, who was in Mexico to meet with workers there just before the natural disaster, read a statement from Mexican unions calling for labour in all three countries to stand together. Over the same period, TiVA data showed that Chinese content in Mexican products imported into the United States under NAFTA rose to 6 percent in 2011, compared to just 0.3 percent in 1995.

Ross also wrote a column in the Washington Post about the study, which made the point that free trade agreements are supposed to benefit the countries within the agreement, not outsiders. Instead, NAFTA has provided entry into a bigger market for outside countries, and the United States is paying the price.

Donald Trump has pledged to rewrite NAFTA so that the trade agreement does more to protect American workers from unfair competition.

More news: President Trump says USA is ready to intervene in Venezuela

What does this mean for U.S.jobs? A recent International Labour Organization (ILO) report shows that Mexican workers, like their US colleagues, suffered the most from Chinese competition, not each other. "Our nation's ballooning trade deficit has gutted American manufacturing, killed jobs and sapped our wealth". Yet the numbers above show that the opposite has, in fact, happened.

Dingell said Wednesday that changes to NAFTA are long overdue.

Rules of origin - one of the most complicated and contentious issues on the table, particularly when it comes to the auto sector - is on the agenda for the third round which starts Saturday in Ottawa.

Mexico is Arizona's largest trading partner, buying $8.3 billion in exports from the state and sending $7.5 billion in imports to Arizona in 2016, according to statistics from the International Trade Administration. Only $14.6 billion of that deficit is offset by surpluses in other product categories.

"We have an opportunity to renegotiate this failed agreement, but we must do so in a way that puts working families first", Dingell said.

"This is a free trade negotiation, but we're sitting across the table from someone who isn't necessarily talking free trade". Our nation's ballooning trade deficit has gutted American manufacturing, killed jobs and sapped our wealth.

Napolitano, who was secretary of Homeland Security under President Barack Obama when the DACA program began in 2012, also expressed doubt that Congress will be able to approve the DREAM Act before March, when Trump has said he'll rescind the deferred deportation program.


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