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USMCA acronym sucks. oozemka
USMCA acronym sucks. oozemka
Strange the china “beef”
a deal was getting done and China was agreeing to basically every US demand. The only tricky point was the technology trade points. US wanted to stop any technology export that china could exploit, copy/paste basically. China would not budge on that.
i think giants like apple are afraid chinese companies woukd flood US market with Xiawei for example and bankrupt them like what happened with Autos. Thatband US afraid China will copy technology and eclipse us eventually.
Either that or somehow US is being way too demanding. China basically agreed almost to anything that Trump demanded
'New NAFTA' Falls Flat for Farmers, Food Advocates
Ins ute for Agriculture & Trade Policy
The reworked agreement between the United States, Mexico and Canada neglects the demands of farm groups
The reworked NAFTA agreement entrenches agribusiness control over supply chains,
seeks to streamline approval and trade of controversial agricultural biotechnology products,
fails to protect consumers’ right to know what’s in their food and where it is produced,
and worsens the devastating impacts of climate change.
The Canadian government has agreed to end certain restrictions on dairy imports and grant additional market access for U.S. dairy.
These concessions will weaken the Canadian system
with no clear benefit for U.S. dairy farmers, especially the small, family farms bearing the brunt of the current crisis.
The reworked agreement squandered key opportunities
to address agricultural dumping across borders and
to reform NAFTA's enforcement system.
This enforcement system
sustains oil, gas and other industry challenges to governmental environment and climate policies
in corporate-friendly forums where they seek billions of dollars in damages for claimed lost profits.
https://www.commondreams.org/newswire/2018/10/02/new-nafta-falls-flat-farmers-food-advocates?cd-origin=rss
iow, Trash nibbled around edges of NAFTA, got NAFTA2, and parades onto the WH grass with bunch sycophants sniffing his ass, to claim, for himself, a huge victory. F R A U D
EFF says section 230 is in there, big if true.
Canada got to keep ISDS.
That was maybe the biggest sovereignty issue, but when your biggest trading partner is 10 times bigger, maybe you feel the need for a personal security device.
NAFTA's Chapter 11 dispute mechanism too costly for Canada at $314M, says report
CCPA says Canada has been sued over twice as many times as Mexico and the U.S. combined
https://www.cbc.ca/news/politics/cha...ccpa-1.4489102
Why Trump’s NAFTA 2.0 Is a Win for Big Oil — But a Huge Loss for Workers and the Environment
While oil companies would reap benefits from the deal, workers at home and abroad would suffer.
a victory for large corporations and polluters at the expense of workers and the planet.
“This deal is a giant step backwards for people, communities and the environment,”
USMCA “would enshrine and globalize Trump’s deregulatory zealotry into
a trade pact that would outlast the administration and imperil future efforts to protect consumers, workers and the environment.”
“Most people don’t know how bad a deal NAFTA was for Mexico,”
“But a quarter-century after NAFTA, Mexican wages are about the same as they were in 1980,
some 20 million more people are in poverty,
five million were displaced from agriculture because of NAFTA tariff policy, and
economic growth in Mexico ranks about 15 of 20 Latin American countries.”
“Americans have suffered under NAFTA’s corporate-rigged rules for decades,”
“Nearly one million U.S. jobs have been government-certified as lost to NAFTA, with NAFTA helping corporations outsource more jobs to Mexico every week,”
“The downward pressure on U.S. workers’ wages caused by NAFTA outsourcing has only intensified as Mexican wages declined in real terms since NAFTA, with Mexican manufacturing wages now 40 percent below those in coastal China.”
American Petroleum Ins ute,the largest oil and gas industry lobby in the country, supports the deal,
saying it would “help ensure the U.S. energy revolution continues into the future.”
“The [USMCA] has giant giveaways to the agrochemical industry
that paves the way for
unregulated gene-edited GMOs,
rolls back Mexico’s regulation of GMOs, and
lets chemical giants like Monsanto and Dow keep the data on the safety of their pesticides secret for 10 years,”
“The energy provisions will encourage more pipelines and exports of natural gas and oil that would further expand fracking in the United States and Mexico,” she continued.
“The text also provides
new avenues for polluters to challenge and try and roll back proposed environmental safeguards,
cementing Trump’s pro-polluter agenda in the trade deal.”
starting in 2020, 30 percent of the manufacturing of the car must be conducted by workers making a minimum of $16 an hour—
roughly three times the hourly wage of Mexican workers in the auto industry.
the deal will also extend patents on biologic drugs from eight to ten years, resulting in a rise in the prices for customers and a win for the pharmaceutical industry.
https://www.alternet.org/economy/tru...nmental-crises
while US Fed minimum wage is blocked by the oligarchy at $7.25 / hour
https://www.bloomberg.com/graphics/2018-nafta-vs-usmca/Trump’s ‘Historic’ Trade Deal: How Different Is It From Nafta?
The U.S., Canada and Mexico reached a deal on a successor to the 24-year-old Nafta, capping more than 13 months of negotiations and overcoming major sticking points from Canadian dairy market access to minimum wage requirements for automobile production. Here are the major differences between the old deal and the new one, called the U.S.-Mexico-Canada Agreement, or USMCA, which President Donald Trump hailed Monday as a historic achievement.
U.S.-Mexico-Canada Agreement
North American Free Trade Agreement
CARS
The new deal increases the portion of a car that needs to be produced in North America to 75 percentto avoid tariffs. It also requires at least 40 percent of that come from factories where the average wage is $16/hour.
The current Nafta, which came into force in 1994, requires that 62.5 percent of cars produced in the trade zone be made in North America. There's no minimum-wage requirement.
DAIRY
U.S. dairy farmers will be allowed to sell more milk to Canada.
Dairy wasn't part of the original deal. The U.S. has long complained that Canada's system of domestic quotas protects its dairy farmers from foreign compe ion.
DISPUTES
The new deal severely restricts chapter 11 between the U.S. and Mexico, while eliminating it between the U.S. and Canada. Chapter 19 and 20 both survived, virtually intact.
Nafta has three kinds of dispute settlement systems. Chapter 11 provides a mechanism for solving disputes between companies and Nafta governments. Chapter 19 allows for cross-border mediation when Nafta partners clash over dumping or subsidy cases. Chapter 20 governs disputes between states.
CURRENCY
The new deal includes a new currency chapter that commits the three countries to maintain market-determined exchange rates and refrain from compe ive devaluations of their currencies. The pledge won't have much effect on policymaking in the three nations, all of which have free-floating exchange rates. But it could serve as a template for future trade deals, giving the U.S. leverage over countries such as China.
The current Nafta doesn't include a currency chapter. Automakers and some lawmakers have been calling for one as a way to shield against currency manipulation.
SUNSET CLAUSE
The U.S. had demanded a sunset clause that would kill Nafta after five years unless the countries agreed to extend it. In the end, the countries settled on a 16-year term for the deal, with a review to identify and fix problems and a chance of a deal extension after six years.
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