Here are some of the big changes in the updated NAFTA deal

By | December 11, 2019

Here are some of the big changes in the updated NAFTA deal
Here are some of the big changes in the updated NAFTA deal
Patty and Lee standing by to give us his take on the significance of this and associate professor business to Carleton University, and I know you’ve been listening in very patiently as we were following it all from Mexico City. What does this deal actually mean fascinating because I and many others have referred to this as NAFTA 2.0, a contrasting I wouldn’t have to 1.0, which was the original NAFTA of 1993 between Mulroney and the Mexican Government course at the time of Bill Clinton. So we called the new agreement that was negotiated NAFTA. 2.0. However, now that the text has been released today, we now realized these weren’t a few little tweaks in the appendix in the as an addendum I’d like to say this was a wholesale revision, I’m going to go in a bit of a limb here and call this 3.0, this is the new new NAFTA to replace the previously negotiated of only two years ago, new NAFTA, serious and major changes in this agreement, mostly targeted to Mexico yeah we’re going to bring up if we can some of the changes that we’ve outlined here. He in, as you were, speak and then let’s talk about that the changes to Mexico, because we know this is something that Donald Trump has talked about a lot. That unions in Canada in the United States have often said. It’S simply not fair that you know the companies are leaving Canada in the United States, their opening plants and factories in Mexico. The workers down there are not paid what they’re paid in Canada or the US. They don’t have the same benefits and protections as well and there’s sort of been, and I believe the expression was a giant sucking sound out of Canada us down to Mexico. So this new program, this new deal, will toughen up those labor laws and bring more rights to Mexican workers correct. Yes, the Wall came down in 1989 891. Why bring the story up at all cuz I’ve had the fortune and the privilege of teaching around the world in many developing countries, including Mexico, and what I’ve learned in the last 30 years is that the countries with the highest labor standards, the highest environmental standards, the Highest health standards the highest and are living or only wealthy, Western countries. and Environmental Protection and labor protection, and so far is very expensive. We’Ve got the money to afford it. The problem with developing countries like Mexico, as exhibit when they join a trade agreement, is it. This has been the Canadian unions communion start the screen because they say wait a minute. The labor standards are much lower, their the wages are much lower. The environmental standards are are slower, so they have a competitive advantage, and so what they’re doing through the liberal government, the Cadiz, the Nancy Pelosi’s? The Democrats is they’re using the force of law through a trade agreement with a country that really really wants to have an agreement. The United States they’re absolutely dependent on the NSA, so they’re using that Leverage over Mexico to say luck. We’Re going to force you up! The curb so to speak, we’re going to force you up towards those much higher standards that are in Canada in the United States. This is not about being ethnocentric. This is a hard recognition that middle-income countries – Mexico is a middle-income country. Just doesn’t have the same resources already been growing very quickly and they’re on a growth curve, an additional push or lift to meet with higher standard. Because of by the Democrats in the US Congress, which came to fruition today in the signing. So you have two countries that is not on that level. This is sort of bringing Mexico off at least a little bit closer you’re going to stay okay playing field for all three countries. Will it persuade companies to either stay in Canada? In the US I mean, there’s been a rationalization of Labor. I won’t get into the Weeds on this, but basically High value-added Vehicles. That’S why so many SUVs and trucks which are much higher value added, more complexity, they’re made increasingly in the USA and Canada. Where is Mexico is five more in the lower value-added, be less expensive Vehicles called small cars with midsize car, but this rationalization is going to continue the Union’s you’re absolutely correct. This is been a very serious sticking point for the unions in both States importance to know that the AFL-CIO V, overarching labor, a body in the u.s. equivalent of the Canadian Labour Congress and Canada, ratified this deal yesterday and – and it was well, it was said by Many, it was pretty cool that labor on board, and so I think, they’re going to say this is a step in the right direction. I don’t believe that the demands of Labor and anti-poverty groups and that sort of thing and, of course, the dams and caught the Democrats in Congress, are going to stop now look at what happened with our concerted efforts and our lobbying in our activism. Now, let’s keep on pushing them to continue going up the curved to help them continue to Aspire and to increase their on Saturday to come to close the gap between Canon EOS. I want hand in terms of Labor environment and self-worth versus Mexico and, of course, I’ll. Let that be the model for other middle-income and lower-income countries, so good news for the Mexican workers who made their salaries go up and more protection and more benefits. Now what about Canada and what is it going to mean for Canada? You heard Robert lighthizer they’re, saying it’s going to make an of the Richer the US richer and Mexico richer all of North America richer. What do you think we’re going to see for our country as a result of this I’ve been saying this in my class is for 30 years that we have known for 300 years in the west, through Theory from Adam Smith, to the present, including Paul Krugman, who Won a Nobel Prize for this in Freud Theory as well as 300 years of practice that when you liberalize track, you raise the standard of living of all the people in that country. In terms of Canada, I mean we are the last hundred and while since the turn of the the 20th century has become integrated in the end of the US economy after 1993 accelerated. This is a good news story, for, let’s give them credit, let’s give them credit, because we need. We absolutely in Canada need to continue to trade with the us. There are our largest trading partner. We export 1/3 of the Hollidaysburg GDP to the world, and three-quarters of that goes to exactly one country called the United States, but we needed it and of course it did modernize and update the old. Now to some people. Army didn’t exist in 1993. We were all analog and now the digital everything digitally Commerce, digital Bank, everything is is, is changed, and so this new Treaty of reflects that wonderful to have you with us CNN heart of our coverage today, thanks so much my pleasure.. Thank you very much.
Carleton University’s Ian Lee breaks down some of the changes in the updated NAFTA and if the changes will be good for Canada. #cdnpoli #uspoli

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