NAFTA talks forced Canada to pick a side in U.S.-China trade war

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

NAFTA talks forced Canada to pick a side in U.S.-China trade war

(Jonathan Ernst/Reuters)

When Justin Trudeau's government agreed to a revised North American free trade deal, the Americans said Canada also agreed to something else: joining Donald Trump's trade war on China.  The story is here.

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Why some experts say scrapping part of NAFTA’s Ch. 11 is Canada’s biggest win with USMCA

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

Why some experts say scrapping part of NAFTA’s Ch. 11 is Canada’s biggest win with USMCA

Why some experts say scrapping part of NAFTA’s Ch. 11 is Canada’s biggest win with USMCA, Chris Brummer provides commentary
Photo Courtesy of globalnews.ca

While the United States Mexico Canada Agreement (USMCA) is similar to its NAFTA predecessor in many ways, some experts are cheering the removal of a section little-known to the Canadian public — Chapter 11, Section B., or the Investors-State Dispute Settlement (ISDS) mechanism.  The story is here.

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NAFTA talks to resume, according to Mexican negotiators

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

NAFTA talks to resume, according to Mexican negotiators

NAFTA teams ready to 'start solving' stalled issues: Mexico, Chris Brummer Comments
Mexican Economy Minister Ildefonso Guajardo holds his headset during a joint news conference on the closing of the seventh round of NAFTA talks in Mexico City, Mexico March 5, 2018. REUTERS/Edgard Garrido/File Photo

Mexican Economy Secretary Ildefonso Guajardo declared that the negotiating teams for the North American Free Trade Agreement (NAFTA) are ready to kick off talks again after they stalled last month.  The full story is here.

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NAFTA’s Prospects For Survival Increase

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

NAFTA's Prospects For Survival Increase

Treasury Secretary Steven Mnuchin discusses NAFTA renegotiation, Chris Brummer comments
Photo of Treasury Secretary Steven Mnuchin by Andres Kudacki/Associated Press

According to various news sources, NAFTA appears set for renegotiation, not cancellation.  Senior officials from Treasury, the Agriculture Department and USTR have all signaled that the chances of termination have diminished.

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NAFTA Negotiations could run into 2019, raising risk of termination

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

NAFTA Negotiations could run into 2019, raising risk of termination

NAFTA Negotiations could run into 2019, comments by Chris Brummer
Christinne Muschi/ Reuters

With consultations progressing slowly, some commentators are noting the possibility that NAFTA negotiations could drift into 2019.  Under such a scenario, a statement of principles would only be available after Mexico’s presidential elections.  One surprising possibility is, as Chris Brummer noted on hedged positions and twitter, that the United States may not need to explain its rationale for dumping NAFTA if Mexico does it first.

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New TPP Agreement to Be Signed, Without the United States, in March

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

New TPP Agreement to Be Signed, Without the United States, in March

 

TPP, U.S., Chile, March, Chris Brummer
kyodonews.net

The 11 members of the Trans-Pacific Partnership will sign a new pact without the United States on March 8 in Chile after overcoming differences on outstanding issues, including a request by Canada on cultural protection, Japan’s TTP minister announced.

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Canada anticipates “innovative” negotiations for NAFTA

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

Canada anticipates "innovative" negotiations for NAFTA

Canada, NAFTA, Innovation, Negotiations, Chris Brummer
Cole Burston/Bloomberg

Canada's minister of international trade has noted that the government intends to be "constructive" and "innovative" as the North American Free Trade Agreement renegotiations resume in Montreal.   The Financial Post reports that Canada’s major issues include the dispute settlement mechanism and supply management.

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Mexico’s ambassador to the US: NAFTA has 50/50 chance of termination

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

Mexico's ambassador to the US: NAFTA has 50/50 chance of termination

Mexican Ambassador, 50/50 NAFTA Failure
Mexico's Ambassador to the US, Geronimo Gutierrez, listens during a press conference at the Mexican Embassy March 9, 2017 in Washington, DC. / BRENDAN SMIALOWSKI / AFP/GETTY IMAGES

Mexico's Ambassador to the United States offered a downbeat assessment of the the agreement's chances of survival after several rounds of negotiation.  The story is here.

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Mexico and Canada Push Back on US NAFTA Demands

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

Mexico and Canada Push Back on US NAFTA Demands

Mexico, Canada, NAFTA, Talks Halt, Comments by Chris Brummer
Source: https://www.reuters.com

Reuters reports that the difficulties stem from a U.S. proposal to raise the minimum threshold for autos to 85 percent North American content from 62.5 percent, and to  require half of vehicle content to be from the United States.

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Mexico’s Economy Minister Wants to Shift Focus Away from Trade Deficits

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

Mexico's Economy Minister Wants to Shift Focus Away from Trade Deficits

Mexico economy trade minister comments on NAFTA on Chris Brummer's site MiniLateralism
image credit: REUTERS/Edgard Garrido

The United States, Mexico and Canada are gearing up to re-negotiate NAFTA. President Trump is calling for a smaller trade deficit (the trade deficit from the U.S. to Mexico is $64 Billion).

Mexico relies heavily on the U.S. because 80% of its exports are sold to the United States. Mexico's economy minister argues if NAFTA is abandoned, the U.S. trade deficit could rise even higher.

Read More.

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