Recommended
Recommended
More Related Content
Similar to Nafta - The Real Story
Similar to Nafta - The Real Story (20)
More from Dan Petrosini
More from Dan Petrosini (13)
Recently uploaded
Recently uploaded (20)
Nafta - The Real Story
- 1. NAFTA - THE REAL STORY AN INSIDERS VIEW Brought to you by Janel
- 2. • What is really happening with the NAFTA negotiations? If you listen to the news or the tweet of the morning, unless the agreement was finalized by May 15th it couldn’t be considered for adoption prior to the elections and the US may just walk away. • In a discussion on the Future of NAFTA with The Canadian Minister of Public Services and Procurement, the view from the inside looks much more positive. Let’s look at why:
- 3. The US exports more to Canada than to Japan, the EU and China combined. The US has a trade surplus with Canada. Unlike what is reported in the news, there are more high paying jobs with companies involved in International trade, so the insider’s perspective is it would be unwise to withdraw from NAFTA. The goal of NAFTA was to create a large western hemisphere trading group, produce products collaboratively and market them globally. So what is actually happening? Where are we now?
- 4. • There are currently 300 delegates from the US , Canada and Mexico in Washington DC working daily on the agreement. • Presently, they are completing discussions on chapter 8. They have 22 more chapters to go, i.e. The agreement won’t be done before the elections. • Besides working on each level of tariff numbers and coming to an agreement on rules of origin and eligibility qualifications, there are the following considerations:
- 5. • Environmental impact • Labor • E-commerce • Diversity • Dispute resolution revisions • Conclusion: NAFTA is moving forward. When finalized it will be more robust and more in line with current Agreements, but it will only be ready when it is ready and not when the politicians need it for political convenience. • For trade to be successful there must be rules and trust in those rules.
- 6. FOR QUESTIONS OR FURTHER INFORMATION PLEASE OUR DIRECTOR OF COMPLIANCE, SEAN MCCLUNG AT SMCCLUNG@JANELGROUP.COM OR 401-727-1776 X 114. WE LOOK FORWARD TO HELPING YOU CREATE STRATEGIES THAT MATTER!