Our last international
trade brief dealt with the deadline for submissions of
public comments to Global Affairs Canada on the renegotiation
and modernization of NAFTA. In this brief, we address the release
by the Office of the U.S. Trade Representative of the Trump
administration's objectives for the renegotiation of NAFTA and
their potential ramifications for Canadian businesses.
On July 17, 2017, the Office of the U.S. Trade Representative
(USTR) issued the Trump administration's renegotiation
objectives for
NAFTA.
The release of the objectives is mandated by the Trade
Priorities and Accountability Act of 2015 (TPA-2015), which
requires the USTR to release the renegotiation objectives at least
30 days prior to the commencement of formal negotiations between
the three NAFTA parties. Indications are that the negotiations are
set to commence on August 17, 2017.
