White House Issues “Fact Sheet” on NAFTA Negotiation
According to the document:
- The Administration has secured a preliminary United States–Mexico Trade Agreement that modernizes and rebalances the trade relationship to reflect the realities of the 21st century.
- This agreement will create more reciprocal trade that grows the economy, supports high-paying jobs for American workers, and protects American intellectual property.
- The preliminary agreement is a mutually beneficial win for North American farmers, ranchers, workers, and businesses.
- President Trump is following through after years of promises by politicians to fix NAFTA.
- This is the first time that a modern United States trade agreement has been renegotiated.
- The preliminary agreement will benefit American workers, American manufacturing, and American agriculture, through provisions including:
- New “rules of origin” requirements to incentivize billions a year in vehicle and automobile parts production in the United States, supporting high-wage jobs.
- The strongest, fully enforceable labor standards of any trade agreement.
- New commitments to reduce trade-distorting policies for agricultural goods.
- Improvements enabling food and agriculture to trade more fairly.
- Strong and effective intellectual property protections.
- The strongest disciplines on digital trade of any international agreement.
- The most robust transparency obligations of any United States trade agreement