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Negotiations for revising and modernizing the North American Free Trade Agreement (NAFTA) begin today, and American manufacturing workers whose jobs are dependent on exports are watching closely.
There are two ways of looking at Laredo, Texas, a border city at the southern edge of the US.
One is as barren outpost of the US economy, condemned by geographic misfortune to a marginal existence. The other is as part of one of the most dynamic economies in North America: the border of Texas with the Mexican states of Coahuila, Nuevo León, and Tamaulipas.
NAFTA renegotiation is underway. The United States Trade Representative (USTR) has opened negotiations up to comment by entities affected by NAFTA. The deadline for comments is June 12, 2017. As your partner and colleague, Co-Production International encourages you to let the U.S. government know how NAFTA works for you and what changes you would like to see.
Trade and globalization are here to stay. The share of global GDP due to trade, imports plus exports, has grown from 25 percent of global GDP in the mid-1960s to 60 percent today. The share of U.S. GDP due to trade over that same time period has grown from 10 percent to 30 percent. Contrary to the narrative put forward by some, today’s shifts in trade policy have largely not been driven by “good deals” and “bad deals” but on very real and conflicting economic forces. Facile references to “free trade” increasingly have little to do with economic reality. Our nation’s attitudes toward trade have been shaped by the evolving struggle over who has been helped and who has been disadvantaged by trade policy as our economy has developed.
Mexico praised US President Donald Trump's action to initiate the renegotiation of the North America Free Trade Agreement (Nafta) with the formal declaration of the administration's intentions to the US legislature.
The action, carried out through the office of US trade representative Robert Lighthizer, starts the clock on a 90-day period of consultations with the public and legislators, making it possible for the formal renegotiation process to begin August 16.
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