Washington, D.C.– U.S. Trade Representative Robert Lighthizer’s notification to Congress last week of the president’s intent to renegotiate NAFTA is a good first step toward improving the existing trade agreement among the United States, Canada and Mexico while preserving the spirit of North American economic cooperation.
BPC today issued a new infographic that highlights the impact NAFTA has had on the economy and jobs.
“We are encouraged to see the administration is working closely with Congress to develop negotiating priorities which address the challenges faced today by U.S. workers, businesses and consumers,” Jason Grumet, BPC president, said.
We are encouraged to see the administration is working closely with Congress to develop negotiating priorities which address the challenges faced today by U.S. workers, businesses and consumers.
“We hope their commitment to a collaborative and transparent process will lead to modernizing the 25-year-old trilateral trade agreement,” he said. “We hope that the three parties can quickly come to agreement on a framework for negotiation that continues to support what is working in NAFTA and should be sustained, while addressing the areas in need of improvement,” Grumet said.
“Further, it is important to treat the negotiating process with the urgency it deserves, to avoid significant disruption and damaging uncertainty to American businesses. As it has for over two decades, a modernized NAFTA will further strengthen the North American economic integration that is crucial to U.S. competitiveness,” he said.