Unifor National President Jerry Dias and U.S. Secretary of Commerce Wilbur Ross have agreed that addressing the core issue of low Mexican wages is the key to breaking the impasse at NAFTA renegotiations. “There is a clear understanding that Canadian and American workers have both been injured by the siphoning off of manufacturing jobs to […]
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Renegotiating NAFTA Could Cripple Canadian Apparel Manufacturing, Hurt U.S. More Than You’d Think
While it might sound beneficial for the U.S., as on paper it would indicate more domestic manufacturing, removing the TPL would prevent U.S. companies from enjoying the duty-free shipment of products made with internationally-sourced materials. Really, the only ones who would benefit would be companies that both source and manufacture domestically. And while those companies […]
The NAFTA Negotiations: A Mexican Perspective
The launching of the North American Free Trade Agreement (NAFTA) negotiations on August 16, 2017 begs a serious and thorough discussion given what it is at stake for the three countries in terms of trade, investment, economic integration, competitiveness, jobs, shared production, and innovation. While a NAFTA modernization has been long overdue, this renegotiation was […]
How changes to NAFTA rules of origin could threaten supply chains
Modifications and revisions to the North America Free Trade Agreement (NAFTA) will impact sourcing decisions, supplier relationships, existing contracts and agreements and logistics. Once dismissed as campaign bluster, negotiations recently began with United States trading partners Mexico and Canada to revamp major sections of this important trade agreement. Primary negotiations are focused on the rules of origin. […]
How NAFTA Explains the Two Mexicos
NAFTA coincided with a wider period of change for Mexico as the country sought to rebuild after its infamous “Lost Decade.” These changes have fundamentally transformed Mexico. Exports have grown by more than 500 percent since 1993 thanks to growth in manufacturing. Mexican universities are increasingly producing high-skilled workers while firms in the aerospace, tech, […]