US, Mexican elections threat to prolonged NAFTA talks

Trump says Canada Mexico being

Trump says Canada Mexico being"very difficult on NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of ten business groups representing firms from across the Canadian, Mexican and U.S. textile and apparel supply chain, has urged the North American Free Trade Agreement (NAFTA) negotiators to preserve tariff preference levels (TPLs) during talks as these help keep operations competitive.

Teams from the United States, Mexico and Canada kicked off the third of seven planned rounds of discussions in Ottawa amid warnings from trade experts that time was quickly running out to seal a deal by the end of the year as planned.

TORONTO-The North American Free Trade Agreement has enabled the North American auto sector to become one of the most competitive in the world, allowing it to boost productivity and gain global market share.

Renegotiating NAFTA was a central theme of Trump's campaign as he promised voters that he would take steps to improve economic conditions, especially in auto-dependent states in the Midwest. "We share a lot of history and a lot of culture and building a wall will not solve problems, it will only create more". Some of the issues Arnold raised to support the is the loss of manufacturing jobs in Canada and the increased equality gap between Mexico and the US and Canada over the past 23 years of the trade deal.

Most were optimistic about the negotiations. We will push the Trudeau government not just to sit at the table and react as (U.S. President Donald) Trump swings, but to come to the table with its own demands.

With negotiators meeting in Ottawa this weekend and into next week for round three of the renegotiations of the 23-year-old trade deal, Ambrose said to expect escalating conflict and contrast between the nations, but no knockout punches, yet. "It's too early, I'm just walking in now".

It took Canada the better part of a decade to nail down a free trade deal with the European Union, which went into effect on Thursday.

Verheul made the comment as he arrived for the start of the third round of negotiations, the first at which Canada is playing host. It has been credited with booming trade between the three nations. "Produced Value in U.S. Imports from NAFTA", written by Anne Flatness and Chris Rasmussen of the Office of Trade and Economic Analysis, specifically highlighted a continued drop in U.S. content within the highly coveted NATFA motor vehicle trade.

The United States accounts for 75 percent of goods exports from Canada, where firms flourish operating next to the world's largest economy. Mexico is now the destination for more than one-third of all auto parts exports from the US, up from less than 5 per cent when NAFTA took effect in 1994.

But Thomas D'Aquino, a Canadian who is co-chair of the North American Forum, echoed Napolitano's optimism for a modernized deal that can benefit all three countries.

In particular, the United States recently floated its desire to include a so-called sunset provision in the new deal, meaning that NAFTA would have to be renewed every five years.

So rather than being oversold, the projected benefits of FTAs to the United States tend to be understated, as was the case with NAFTA, which has been an overwhelming success for American agriculture and for many other sectors of the US economy. "We're all in this together and whether we succeed or not, we'll have a great impact on our future".

"Tightening NAFTA's rules of origin on automobiles either by raising the NAFTA-wide threshold or by introducing a US -specific content requirement, wouldn't bring the production of these components back onshore", Carlos Gomes, a senior economist at Scotiabank, wrote in a September 21 report.

Autos and auto parts are particularly important because our combined trade deficit in autos and auto parts from Canada and Mexico is $84.6 billion annually, which is the vast majority of our total trade in goods deficit with our neighbors.

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