Anyway, several press outlets have reported that the Obama administration has signaled that there is no need to open negotiations to strengthen NAFTA. This article from The Star indicates that the countries will look for ways to strengthen the Agreement without renegotiation.
I think the best possible translation of that is: we will focus on enforcement. Maybe it also means that legislative moves toward enhanced Trade Adjustment Assistance will get a bigger push from the White House.
1 comment:
I don't know many people in Washington who considered the campaign pledge to "re-negotiate NAFTA" (in Ohio and Pa, as I recall) to be anything other than a campaign pledge. According to press reports last year, the Canadians saw it the same way. But as you suggest, serious steps can be taken without re-opening the agreement, as the lumber fees and trucking dispute/Mexican retaliation have proven.
Post a Comment