Nafta Agreement With China

Posted on Sep 28 2021 - 6:07am by Ed
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In the updated Pact, the parties agreed on a number of changes: the rules of origin for the automotive industry were strengthened, so that 75% of each vehicle must come from the Member States, compared to 62.5%; And new work rules have been added, which require that 40 percent of each vehicle come from factories that pay at least $16 an hour. A proposal to extend intellectual property protection for US pharmaceuticals – a red line for US negotiators – has been sacrificed. The USMCA also significantly reduces the controversial investor-state dispute settlement mechanism, eliminates it completely with Canada, and limits it to certain sectors with Mexico, including oil and gas and telecommunications. We need to stop sending jobs abroad. It`s pretty simple: If you pay $12, $13, $14 an hour for factory workers and you can move your factory south of the border, you pay a dollar an hour to work. do not have health care - this is the most expensive element in the manufacture of a car - have no environmental control, no environmental control and no retirement, and you only care about making money, there will be a huge suction noise that goes south. . If [Mexico`s] jobs go from one dollar an hour to six dollars an hour, and ours go from six dollars an hour, and then they are reintroduced. But in the meantime, you have ruined the country with such agreements. [109] Proponents of NAFTA in the United States have emphasized that the pact is a free trade agreement and not an economic agreement.

[37] The free movement of goods, services and capital based therein did not extend to labour. By proposing what no other similar agreement had attempted to open up to industrialized countries to "a great third world country"[38] – NAFTA renounced the establishment of a common social and employment policy. . . .