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PostPosted: Fri Aug 17, 2018 7:12 am    Post subject: Trunp administration is near a deal with Mexico Reply with quote

Trump administration nearing deal with Mexico on revised NAFTA — but issues with Canada remain
By Don Lee
Los Angeles Times
Aug 16, 2018 Updated 9 hrs ago
Andrew Harnik | Associated Press

The Trump administration is close to striking a deal with Mexico on a revamped North American Free Trade Agreement, analysts said, but thorny issues are yet to be resolved with Canada, the third party in the trilateral pact.

Reaching an agreement with Mexico would mark a breakthrough for the administration after a year of roller-coaster talks and tension with its longtime North American trading partners. President Trump has frequently threatened to withdraw from NAFTA, linked the renegotiations to his call for a wall along the U.S.-Mexican border and slapped tariffs on Mexican and Canadian steel to apply pressure to make concessions.

But both Mexico and the U.S. have strong incentives to push through a deal quickly. Mexico wants to lock in an agreement before its new leftist president takes office, and the White House is keen on achieving a win on trade ahead of the midterm elections.
(emphasis added)

Canada, meanwhile, has shown less urgency to complete a revision of the 24-year-old pact, but is expected to return to the bargaining table once the U.S. and Mexico settle their differences.

And then the question will be “whether Canada is finally willing to reengage in the process, sign off on what has been agreed and quickly resolve any key outstanding issues of concern to Canada,” said Lori Wallach, director of Public Citizen’s Global Trade Watch.

We are going to have to accept what Mexico and the USA worked out. This is a homrribly bungled negotiation.

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PostPosted: Thu Aug 23, 2018 7:42 am    Post subject: Reply with quote

Mexican negotiator suggests there is no need for Canada to rejoin NAFTA talks after U.S.-Mexico reach deal
Tom Blackwell
August 22, 2018
8:11 PM EDT

A top Mexican negotiator put a new question mark Wednesday over Canada’s participation in NAFTA talks, suggesting this country will not necessarily join in next week if the U.S. and its southern neighbour finish their own, two-way deal.

And Jesus Seade seemed to indicate that any bilateral agreement with the U.S. could cover major trilateral issues — issues of pressing importance to Canadian officials.

Seade, who represents incoming Mexican president Andrés Manuel López Obrador, said the U.S.-Mexico agreement could be struck as soon as this week, but possibly next week.

Asked by reporters outside the offices of the U.S. Trade Representative in Washington if Canada would then join the talks, he said: “I don’t see any reason why they have to come after we finish. It’s up to (U.S. Trade Representative Robert) Lighthizer to organize his time.”

The Mexican delegation — and sources familiar with the closed-door negotiations — have said previously Canada would return to the table as soon as the other two resolved their bilateral issues — maybe even this week.

Seade’s comments seemed to indicate otherwise.

To complicate matters further, however, he said in Spanish during the same news scrum that “Canada has to come aboard” to complete a revised NAFTA agreement.

Two American sources briefed on the talks said this week that Canada is likely to come under intense pressure to compromise when it does finally rejoin the negotiations — and is presented with a finished accord between the other two.

But Canadian officials said Wednesday they are not worried about the most recent developments.

Foreign Affairs Minister Chrystia Freeland said she was “very encouraged” by the progress made by the other two countries on bilateral issues, stressing that she has remained in close contact with both their trade teams.

“Canada is looking forward to join the negotiations and a swift conclusion to negotiations,” she told reporters in Nanaimo, B.C.

Formal trilateral talks involving all three parties to the North American Free Trade Agreement have not taken place since May. [....]

It seems that Mexico has cut a deal and thrown Canada -- who was committed to supporting Mexico against Trump -- under the bus. Smooth move, Justin. Way to teach Trump a lesson, Chrystia ... two losers presently having lipstick applied to their porcine lips ...

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PostPosted: Thu Aug 23, 2018 9:38 am    Post subject: Reply with quote

I think we are at a point where short of a total and utter meltdown by the Canadian side a deal will likely get struck before the US Midterms.

The question really becomes what exactly does it cost Canada and what "wins" did Canada secure from the US (if any);

Being exempt from Buy America, Securing expanded Visa Privileges, and getting a long term solution for Softwood are all things that appeared on the table and viable when this began. Are they now?

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PostPosted: Thu Aug 23, 2018 10:50 am    Post subject: Reply with quote

You are so cautious ... surely it is obvious that the Canadian bargaining position has collapsed. As Trump said at the time, This is going to cost Canada a lot of money.

In what scenario is it a good thing for Canada to stay on the sidelines while Mexico and the USA decide the rules on the auto sector, and Canada is left in a take-it-or-leave-it situation?

Not even the shameless apologist TC can dream up a justification for this.

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PostPosted: Sun Aug 26, 2018 4:55 pm    Post subject: Reply with quote

US, Mexico May Announce Nafta Deal As Soon As Monday
by Tyler Durden
Sun, 08/26/2018 - 14:03

As discussed yesterday, a key outstanding question over the future of global trade may be about to get an answer: after five weeks of negotiations on trade issues between the administrations of Trump and Enrique Pena Nieto, the U.S. and Mexico are close to resolving bilateral differences on Nafta and may wrap up as soon as Monday, "clearing the way for Canada to possibly return to talks to update the three-nation trade pact."

As Bloomberg reports, "the nations achieved significant breakthroughs in the past several days on the critical issues of automobiles and energy, according to the people, who asked not to be named discussing private talks. Talks are expected to continue Sunday."

In recent weeks, the U.S. and Mexico had been focused on the thorny issue of car manufacturing amid a push by the Trump administration for a deal that would boost factory jobs in America. Specifically, the U.S. has proposed tightening regional content requirements for car production and having a certain percentage of a car manufactured by higher-paid workers.

And while a U.S. proposal to increase tariffs on cars imported from Mexico that don’t meet stricter new content rules was a sticking point as recently as last week, that issue appeared to be resolved by Thursday according to Bloomberg sources.

The U.S. agreed to keep the 2.5 percent tariff currently applied under World Trade Organization rules if the cars are made at factories that already exist, according to two people familiar with the plans, who asked not to be named discussing private negotiations.

That would leave open the possibility that cars that don’t meet the rules and are built at new plants could face tariffs of 20 percent to 25 percent, pending the results of a Section 232 national security investigation that Trump ordered in May, the people said.

The latest breakthrough follows a report from the WSJ yesterday, according to which a key sticking point in the Nafta negotiations between the U.S., Mexico and Canada - namely Trump's desire to remove a provision known as investor-state dispute settlement, or ISDS, in which companies can bring claims to an international tribunal when they believe their overseas investments were unfairly treated by an action from another Nafta government - was on the verge of resolution.

On Saturday, Bloomberg also reported that the "thorny issue of rules for the energy industry seems to be resolved." The envoy from incoming Mexican leader Andres Manuel Lopez Obrador, Jesus Seade, arrived at a meeting with U.S. Trade Representative Robert Lighthizer saying the nations have resolved concerns that the deal had too many restrictions on how the next government can treat foreign oil companies investing in Mexico. [....]

Mexico made its deal. It looks like the practical politics of it are (1) either we take it or leave it the deal that Mexico and the US crafted. or (2) make a separate agreement, which is what we refused 'to do at the start.
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Trunp administration is near a deal with Mexico

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