Tuesday, 20 November, 2018

Energy, Equipment Industry Applauds New North American Trade Deal

Trump and Trudeau agree on a revised NAFTA deal Canada-US reach deal to reform NAFTA
Scott Davis | 04 October, 2018, 08:39

Edge Dairy Farmer Cooperative applauded the announcement of the new United States Mexico-Canada agreement (USMCA) especially with the elimination of the Class 7 milk price, which allowed Canadian milk producers to undercut the price of U.S producers.

A tongue-in-cheek tweeter suggested there could be confusion with the United States Minority Contractors Association or the United States Motorcycle Coaching Association.

Ontario Premier Doug Ford said that while he was cautiously optimistic about the implications of the new deal for Ontario and that it could create new opportunities, he felt that Ontario's dairy farmers were "thrown under the bus" in the new deal.

The USMCA agreement, which does not roll off the tongue anywhere near as neatly as its predecessor NAFTA, will keep its dispute mechanism which was another major sticking point for the Americans and a defined deal breaker for Canada.

"Further, commitments negotiated on the conservation of marine species. reflect the importance that parties, both individually and collectively, place on the protection of marine mammals, sharks, turtles, and sea birds", Lubczuk said.

"We've been treated so unfairly by so many nations all over the world and we're changing that".

After the three leaders sign the deal at the end of November, an independent economic assessment needs to be issued before the agreement can be taken to Congress for a vote. He said it's something he thinks the USMCA won't solve.




President Donald Trump gestures as he announces a revamped North American free trade deal.

After more than a year of hard negotiations, the agreement - now including Mexico and Canada - will be sent to Congress Monday.

But a Democrat-controlled Congress "might be willing to throw one of the great deals for people and the workers".

The UAW's reservations echoed those of the AFL-CIO, which said much of the agreement ballyhooed by Trump still hasn't be finalized.

Another "win" for President Trump in the agreement is a clause in the new deal that almost forbids deals with "non-market" countries, such as China. Among other things, the clause requires any partner seeking such a pact to provide its USMCA counterparts with the full text of a proposed agreement in advance of signing, and identifies such a trade pact as specific grounds under which those counterparts could serve six-month notice to withdraw from the USMCA.

So the nuclear option was deployed: telling the president about Freeland and reminding him about the summer G7 meetings in Quebec, where Trudeau's closing news conference so agitated Trump that he used his Twitter feed to attack the prime minister from the confines of an airborne Air Force One. Canada's participation in a modernized NAFTA is crucial for the growth and prosperity of our city and our state. "I also plan to work closely with my colleagues to explore how we may correct some of the agreement's flaws through the required implementing legislation". That's 12% more than what was required under NAFTA. "They may be willing to do that for political purposes", he said. "It also is critical that we see what final labor enforcement, auto rules of origin and government purchasing provisions will look like".

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