Associations: NAFTA Needs All of North America
Associations are urging the importance of staying trilateral
The ice appears to be thawing in trade relations between the U.S. and Mexico, two of the three parties to the long-running North American Free Trade Agreement. But as the Trump administration renegotiates NAFTA, many associations want to make sure Canada is not lost in the shuffle.
A tentative deal between the U.S. and Mexico, announced Monday, led many trade groups to call for the administration to keep all three countries in the agreement rather than move to a bilateral one.
In a statement to Bloomberg, the U.S. Chamber of Commerce applauded the work done to modernize NAFTA but added, “In order to do no harm to the 14 million U.S. jobs that depend on trade with Canada and Mexico, the agreement must remain trilateral.”
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