Popular Posts Last 7 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last 30 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last year_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts All time_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Islamophobia_$type=carousel$h=350$show=/search/label/Muslim%20World

Saudi Arabia$type=two$count=2$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Iran_$type=three$count=3$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Palestine$type=three$author=hide$comment=hide$rm=hide$date=hide$show=/search/label/Muslim%20World

Ross says US pushing for 5-year NAFTA 'sunset' provision

SHARE:

US Secretary of Commerce Wilbur Ross said that trade negotiations and tougher trade enforcement are in the service of his primary objective: to ensure President Donald Trump is elected to a second term

WASHINGTON  -  US Commerce Secretary Wilbur Ross said Thursday that Washington is pushing for a provision to terminate the free trade deal with Canada and Mexico after five years unless the president renews it.

Ross said he and US Trade Representative Robert Lighthizer favor including such a "sunset" clause in the North American Free Trade Agreement (NAFTA), but it remains to be seen if it will be approved during the negotiations now underway.

"It is policy, that's why we put it forward," Ross said, noting that he had floated the idea in columns he wrote during the election campaign.

"Whether it will be agreed is a whole different question," Ross said at a conference hosted by Politico, a Washington newsletter.

While NAFTA already allows any of the three partners to exit the agreement with six months notice, Ross said a sunset provision is a better mechanism because it would require "a systematic re-examination" of any trade agreement.

Original forecasts about the benefits of NAFTA and other trade deals such as the US pact with Korea (KORUS) -- also facing renegotiation at the behest of the Trump administration -- were "wildly optimistic," Ross said.

- Fixing what 'didn't work' -

So a periodic review would provide "a forum for trying to fix things that didn't work out the way you thought they would."

The Trump administration has made clear that its main objective in renegotiating NAFTA and KORUS is to reduce the US trade deficit and protect American jobs from moving offshore.

Trade officials from Washington, Ottawa and Mexico City have held two rounds of talks on the 23-year-old NAFTA so far, and are due for a third round in Canada this month before returning to Washington.

Ross said, as he has before, that the political calendar in all three countries means that chances of reaching a deal will dwindle if talks extend much into next year.

Mexico's presidential election is in July, Canada holds provincial elections next summer, and US midterm elections are in November 2018.

Ross said that trade negotiations and tougher trade enforcement are in the service of his primary objective: to ensure President Donald Trump is elected to a second term.

COMMENTS

Name

Ads,5,Afghanistan,56,Africa,9,Animals,36,Asia,84,Australia,5,Bahrain,2,Bangladesh,7,Barcelona,1,Belgium,1,Business,1008,China,98,Egypt,21,Europe,96,Fitness,14,France,10,Germany,14,Headlines,11,Health,163,Iceland,1,India,95,Indonesia,8,International,75,Iran,63,Iraq,57,Islamophobia,18,Israel,5,Italy,1,Japan,11,Kenya,2,Kuwait,3,Lebanon,2,Libya,2,Lifestyle,300,Lithuania,1,Malaysia,6,Maxico,2,Middle East,66,Muslim World,502,Myanmar,15,Nawaz Sharif,5,Nepal,2,New Zealand,6,Nigeria,1,North Korea,30,Norway,1,Opinion,26,Pakistan,995,Palestine,33,Philippine,5,Pics,66,Poland,1,Popular,1,Qatar,92,Russia,15,Rwanda,1,Saudi Arabia,70,Science,135,Showbiz,324,South Korea,2,Spain,11,Sports,1160,Sudan,1,Switzerland,1,Syria,87,Technology,365,Top News,930,Tunisia,1,Turkey,56,U.S.,141,UAE,19,UK,20,Ukrain,1,Videos,75,World,4243,Yemen,19,
ltr
item
Muslim Global: Ross says US pushing for 5-year NAFTA 'sunset' provision
Ross says US pushing for 5-year NAFTA 'sunset' provision
US Commerce Secretary Wilbur Ross said Thursday that Washington is pushing for a provision to terminate the free trade deal with Canada and Mexico after five years unless the president renews it.
https://4.bp.blogspot.com/-wNZGuWhhJAs/WbrcK8kGYZI/AAAAAAAAgVc/1iBseWkvPhAe-lv8xs6ZzqmKNrt1QQoXwCLcBGAs/s640/US%2BSecretary%2Bof%2BCommerce%2BWilbur%2BRoss.jpg
https://4.bp.blogspot.com/-wNZGuWhhJAs/WbrcK8kGYZI/AAAAAAAAgVc/1iBseWkvPhAe-lv8xs6ZzqmKNrt1QQoXwCLcBGAs/s72-c/US%2BSecretary%2Bof%2BCommerce%2BWilbur%2BRoss.jpg
Muslim Global
http://www.muslimglobal.com/2017/09/ross-says-us-pushing-for-5-year-nafta.html
http://www.muslimglobal.com/
http://www.muslimglobal.com/
http://www.muslimglobal.com/2017/09/ross-says-us-pushing-for-5-year-nafta.html
true
616431133175714168
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy