Over the last several years, the North American Free Trade Agreement (NAFTA) has been on the receiving end of a constant barrage of wild and misleading claims by President Donald Trump. Despite the rhetoric, NAFTA has been a positive commercial arrangement for the three North American partner countries. However, it has been 25 years since NAFTA was implemented and it could be updated to reflect the modern realities of commerce in the 21st century.
After a lengthy and tumultuous negotiation, the three countries produced a flawed but workable update to NAFTA, known as the United States-Mexico-Canada Agreement (USMCA). Once Democrats took control of the U.S. House of Representatives in the 2018 midterm election, they demanded changes to the USMCA. Negotiations are currently underway between the Trump administration and House Democrats and it is likely that Congress will consider USMCA in the coming months.
We invite you to a luncheon to discuss what changes can and should be made to improve the agreement’s substance and the odds of its ratification.
Trade Policy Counsel, R Street Institute
Senior Fellow for Trade and International Political Economy, Council on Foreign Relations
Associate Fellow, R Street Institute
Lunch will be provided as supplies last*