White House Issues “Fact Sheet” on NAFTA Negotiation

According to the document:

• The Administration has secured a preliminary United States–Mexico Trade Agreement that modernizes and rebalances the trade relationship to reflect the realities of the 21st century.
  • This agreement will create more reciprocal trade that grows the economy, supports high-paying jobs for American workers, and protects American intellectual property.
  • The preliminary agreement is a mutually beneficial win for North American farmers, ranchers, workers, and businesses.
• President Trump is following through after years of promises by politicians to fix NAFTA.
  • This is the first time that a modern United States trade agreement has been renegotiated.
• The preliminary agreement will benefit American workers, American manufacturing, and American agriculture, through provisions including:
  • New “rules of origin” requirements to incentivize billions a year in vehicle and automobile parts production in the United States, supporting high-wage jobs.
  • The strongest, fully enforceable labor standards of any trade agreement.
  • New commitments to reduce trade-distorting policies for agricultural goods.
  • Improvements enabling food and agriculture to trade more fairly.
  • Strong and effective intellectual property protections.
  • The strongest disciplines on digital trade of any international agreement.
  • The most robust transparency obligations of any United States trade agreement