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Thread: Nafta 2.0

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    Banned wincel's Avatar
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    Nafta 2.0

    https://www.reuters.com/article/us-u...-idUSKBN1YE1RO

    WASHINGTON/MEXICO CITY (Reuters) - Canada, Mexico and the United States have agreed to a fresh overhaul of their quarter-century-old regional trade pact after negotiators approved changes to a preliminary deal struck last year, and officials will sign the new agreement on Tuesday.

    The deal, which still needs the approval of lawmakers in all three countries, adds more stringent oversight of the pact’s labor provisions demanded by U.S. Democrats, changes that Speaker of the House Nancy Pelosi said made it an “infinitely better” deal than the one struck between the Trump administration, Canada and Mexico in 2018.
    Agreement on a final USMCA text follows more than a year of delays, led primarily by Democrats and U.S. organized labor, that at times threatened to scuttle a deal originally struck in the fall of 2018. Tuesday’s announcements came after several intense days of negotiations with Mexico over proposed changes to clauses concerning steel and aluminum, biologic drugs and internet services, as well as the new labor provisions.

    Pelosi said she was unable to succeed in pressing Democrats’ demands for the removal of liability protections for internet service providers, a provision she had called a “giveaway” to big tech companies.

    A signing ceremony will take place in Mexico City at noon local time (1300 ET), attended by Mexico President Andres Manuel Lopez Obrador, Canadian Deputy Prime Minister Chrystia Freeland, U.S. Trade Representative Robert Lighthizer, and U.S. White House adviser Jared Kushner, a senior Mexican official said on Twitter.”On our end, there is now a deal. We’re convinced that it’s a good deal for Mexico, just as it is for Canada and United States,” Lopez Obrador said, adding that the signing would happen in Mexico’s historic National Palace. He expects Mexican lawmakers to back the deal.

    U.S. House Ways and Means Committee Chairman Richard Neal said sections of the text would be reviewed by lawmakers, but he saw no reason for “unnecessary delays” in bringing the trade pact to a vote on the House floor. It is expected to pass the Senate.
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    Medallion Wearing CEO10k Ephedra's Avatar
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    Cliffs? I'm working.
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    Banned wincel's Avatar
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    They claimed to have reached a new deal and promise it's really really really good this time guys, but really it's just NAFTA again. It's basically more of the same, but excludes sourced stuff from China and enforces slightly more stringent labor laws. You will just see more outsourcing to Mexico now.
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    Originally Posted by Ephedra View Post
    Cliffs? I'm working.
    cliffs are he made a new thread when there were 2 already made
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    His name is Robert Paulson
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    Originally Posted by ~Hades~ View Post
    cliffs are he made a new thread when there were 2 already made
    He even posted in those two other threads
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