Canada Be The First To Announce Outline Of The Targets For The North American Free Trade Agreement (NAFTA)
The United States, Canada and Mexico are expected to renegotiate on August 16, 2017. Canada, which has always had good relations with the United States, will rush ahead before the negotiation starts: Canadian Foreign Minister Chrystia Freeland is the first to announce In addition to complimenting the contribution of NAFTA, the goal outline again threatens to bring about both hard and soft ends, and hopes to gain the upper hand in the trilateral consultations.
The Canadian government proposed Canada's major appeals in the renegotiation of the North American Free Trade Agreement, including stricter labor protection and environmental standards, more liberalization of the government procurement market, promotion of the flow of skilled professionals, protection of the Canadian dairy industry and poultry industry, preservation of norms Anti-dumping process.
Canadian Foreign Minister Huilan said that Canada believes it is important for the North American FTA to retain an effective trade arbitration mechanism and that a good trade arbitration mechanism can maintain a good trading partnership.
Canadian trade, manufacturing and other trade associations hope that the North American Free Trade Agreement can be resumed as soon as possible. However, many Canadian experts believe that negotiation can not be completed within this year because it is harder for all parties to agree on certain areas. For example, Mexico may be unwilling to give in to the issue of uniform labor rights standards; and the United States wants to abolish the trade arbitration mechanism when it is strongly opposed by Canada.
Just look at economic and trade data, Canada also has great reason to continue to promote NAFTA. In 2016, the U.S. trade deficit with Canada was only 12 billion U.S. dollars, accounting for less than 1.6% of the U.S. trade deficit for the entire year and even 20% of Mexico's 65 billion U.S.dollar trade deficit. The report of the Bank of Montreal pointed out that the United States, on the contrary, There are 12.5 billion U.S. dollars of trade surplus with Canada.
However, Canada, keen to continue NAFTA, also has negotiations on the red line. According to Reuters, Canada will firmly oppose the U.S. plan to delete the dispute settlement mechanism. It is understood that the trade dispute settlement mechanism is composed of experts from the United States and Canada. It mainly accepts cases of illegal subsidies and heavy dumping and has enforcement power. The emphasis is on the United States' frequent losing of the lawsuit. Fang Huilan said Canada attaches great importance to the existence of this dispute settlement mechanism because it can ensure the "fair implementation" of anti-dumping and anti-subsidy policies. Canada had negotiated for the same problems in 1987, and "the government will (at the same time) be firmly determined."