Alerts
July 2017
NAFTA Renegotiation: USTR’s Specific Objectives and What Comes Next

On July 17th, the USTR issued its specific objectives for the renegotiation of the North American Free Trade Agreement (NAFTA) as required by the Bipartisan Congressional Trade Priorities and Accountability Act of 2015. The USTR acknowledged that the NAFTA, since its entry into force in 1994, has contributed to the linking of the continent through trade and provided new market access opportunities for American farmers and ranchers. However, the USTR also stated that the NAFTA created new problems for many American workers as a result of the increase in trade deficits and closing of U.S. factories. U.S. companies doing business in Canada and Mexico, whether sourcing or marketing goods in those markets, should:
  • Take note of these latest developments
  • Assess how any modifications made to the NAFTA could impact their cross-border operations
  • Consider submitting public comments on new proposals, as well as reaching out to members of Congress and other Government decision-makers to ensure that their interests are fully protected

To view the full e-alert, including a table with the USTR’s specific objectives for the NAFTA renegotiation, click here.