Economic Space

POSSIBLE CHANGES IN THE NAFTA AGREEMENT The nafta negotiations in which Canada, Mexico and the United States participate are still ongoing and appear to continue until the end of the year. This is probably due to the difficulty in finding an agreement that is beneficial to the respective countries, because for different reasons, Trump has generated tension in its relation with the respective countries. In the previous article we talked about the US initiative to negotiate new agreements on chapter 19. No concrete publications have been issued yet because we are talking about a complicated framework in which there seems to be no solution that benefits all. It is also relevant to say that this only refers to a part of the negotiations. Today we will talk about other issues that are under negotiation, such as the TARIFFS and the LABOR MARKET. For those who do not know, tariffs are a tax that applies to goods that are imported, sometimes used for expor

NAFTA: THE CONFLICT RESOLUTION MECHANISM TRUMP WANTS TO NEGOTIATE For those who do not know, the NAFTA treaty plays a very important role in the current economy within North America. It was created in 1988 by Canada and the United States, joining Mexico in 1990.  This agreement allows free trade for 15 years between these three countries, that is to say that there are no taxes in the corresponding customs, benefiting many companies in the region.  Recently the President of the United States, Donald Trump, is in position to renegotiate certain agreements of the treaty maintaining a nationalistic point of view. In this negotiation, the US government intends to cancel chapter 19 of the treaty in which Mexico considers it unacceptable.  Chapter 19 basically authorizes the creation of binational panels when two of the countries involved have differences or one believes that the other is carrying commercial acts that could harm it, such as the existence of dumping.  This con