What challenges exist for usmca to be ratified

Assignment Help Microeconomics

Reference no: EM133203053 , Length: 3 Pages

Assignment:

In Nafta Rewrite, Canada Took Cue From Mexico: Make a Big Concession (PDF)

By Kim Mackrael, Santiago Pérez and Jacob M. Schlesinge

SUMMARY: Mexico made concessions on cars, while Canada made concessions on cheese to pave the way for a new regional trade agreement between the United States, Mexico and Canada. After President Donald Trump's threat to move ahead with a revised agreement with Mexico but without Canada, it left Canada only a few days to negotiate a new trade deal. Canada's key negotiator was given advice by her Mexican counterpart to offer a critical concession to break the logjam with the United States.

After presenting detailed plans for easing curbs on American milk and cheese products, Canada and the United States engaged in several days of nearly round-the-clock negotiations to reach Mr. Trump's negotiation deadline. The result was the new U.S.-Mexico-Canada Agreement (USMCA). The member countries recently signed the new pact, but it still requires ratification by legislators in all three countries before it can take effect.

QUESTIONS:

What concessions did Mexico and Canada need to offer to reach an agreement with the United States to replace Nafta?
What challenges exist for the USMCA to be ratified and go into effect?
Should Mexico and Canada have offered the concessions that they did to renegotiate Nafta? Explain your position.
The U.S. goal of increasing local content requirement percentages and adding a requirement that a certain amount of content has to be performed by high-cost labor in the automotive industry in USMCA is to bring automotive jobs back to the United States. Do you think these requirements will achieve this goal? Explain your point of view. (2 tro 3 pages)

Reference no: EM133203053

Questions Cloud

How do we know the status of national economics : Identify and briefly describe the variety of strategies available to developing countries that choose to pursue an economic growth/industrialization path.

Prepare a brief summary for the week simulation efforts : Toyota Company Simulation Report - Each student, independently of the team will prepare a brief summary for the week's simulation efforts

Forbade dishonest business practices : What laws and rules that forbade dishonest business practices did the United States, China, and Norway put in place to in order to defeat corruption and develop

Identify what types of micro-level coordination were : Identify what types of micro-level coordination were used to discover there was a need to focus on the health of the employees

What challenges exist for usmca to be ratified : Should Mexico and Canada have offered the concessions that they did to renegotiate Nafta? Explain your position. Johnson & Wales University.

Summarize the expenditures for the macro-economy : The following data summarize the expenditures for the macro-economy of a given country during the fiscal year 2019/20 rounded in millions of dollars:

Evaluate two roles that management information systems : Evaluate two roles that Management Information Systems can effectively provide in adequately storing and retrieving data for decision making in basic financial

How does your presentation relate to the contents : Trends Guiding HR Leaders Through the New COVID-19 World and What is the impact on industry, Human Resources Management, and Employees?

Improve the employability of graduating business seniors : The purpose of this study was to determine the critical soft skills that employers want from their employees so that business educators can promote these skills

User Account

All Pages