Monday, 20 May, 2019

Mexico sugar industry not anxious by United States trade deal review

Mexico sugar industry not anxious by United States trade deal review Mexico sugar industry not anxious by United States trade deal review
Patty Aguilar | 02 March, 2018, 03:29

Salmonsen: Probably the one most positive thing for USA agriculture is what's called the sanitary and phytosanitary chapter, that's the area that deals with food safety rules, trying to get better accommodation between the three countries, make sure we have science-based rulemaking, equivalency among regulations in some ways, so that there aren't these behind the border barriers that hold up trade.

Mexico made concessions to the USA sugar industry to reach a deal, eager to avoid a stand-off before the NAFTA talks kicked off. Negotiators from the three NAFTA countries are now in Mexico City for a seventh round of talks. However, a senior USA official said over the weekend that plan had been postponed after a phone call between the two soured over the wall earlier this month.

During 2016, $85 billion in US agricultural exports were delivered to China, South Korea, Canada, Mexico and the former TPP areas.

"In this case we think we're opening the door to greater competition and market access by manufacturers in China and other regions", said ACC President and CEO Cal Dooley.

"Without NAFTA, the United States would be paying higher tariffs in terms of MFN tariff rates of 20-45%, or the same levels as its competitors", the authors pointed out.

Dooley said the chemical industry, including plastics, accounted for 48 percent of US manufacturing investment in the United States in 2016 and 2017, and the chemical industry has a running total of $188 billion in announced investments planned.

Mexico is the number-one market for USA dairy product exports, accounting for roughly one-fourth of total US exports. The report, released on February 28, says NAFTA has allowed USA chemical exports to flourish.

"Demand will still be there, but USA chemicals on balance could be 6 percent more expensive compared to other suppliers around the world, be they chemical manufacturers based in Europe, Brazil or China", Dooley said.

Finally, the European Union recently completed the Comprehensive Economic and Trade Agreement with Canada, the EU-Japan Economic Partnership Agreement, and the EU and Mexico are now negotiating to modernize their trade agreement.

Firms forced to be clearer on broadband speeds
However, there was significant room for improvement in areas such as providing information on broadband speeds without being prompted.

Minneapolis mayor suggests Delta move headquarters to Twin Cities after NRA controversy
Casey Cagle threatening to "kill" any tax legislation that benefits Delta until it reinstates its relationship with the NRA . Kansas City Mayor Sly James is moving in fast to try and lure Delta Airlines to moving its headquarters to our city.

Gazprom obliged to pay Naftogaz $2.56bln
Pricing disputes in the past led to Russian gas supplies disruptions to Europe via Ukraine, including in 2009 and 2006. "Naftogaz is surprised to learn of Gazprom's decision not to supply gas to Ukraine in March".

Automakers warn the proposals would upend supply chains that rely heavily on Nafta.

"A probable outcome is that Chinese producers, which are already competitive suppliers of inputs that are important to the Mexican economy (e.g. auto parts), would gain market share", it said.

The report noted that components of manufactured goods can cross borders between the three countries seven or eight times before a product is finished, and each of those crossings could potentially be subjected to tariffs.

The survey is just the latest indication that NAFTA continues to enjoy the support of businesses despite Trump's threats to withdraw if negotiations prove unfavorable to the United States.

"Obviously, the cancellation of the Mexican president's trip to the United States is an important element in the negotiations: it's politics that can help us resolve the technical issues we're moving forward on", Castanon said.

Inside U.S. Trade, a news service, previously reported the negotiator was called back to Washington for meetings.

In particular, he said the chemical industry wants to retain the investor-state dispute mechanism and it opposes a five-year sunset proposal from the Trump administration.

"I am convinced that at the very end, this guy Trump speaks too much and doesn't deliver as much and that will happen with the wall and Nafta", Vicente Fox said in an interview with The National newspaper on Tuesday on the sidelines of a Latin American forum in Dubai.

In January the Trump administration proposed $18 billion over 10 years to build a wall on the Mexican border, an amount Democrats rejected, according to Bloomberg. They are also predicated on having some consistent rules of trade and market opportunities. "They are being made on a 40-year horizon. Certainly, it's not in the interest of USA manufacturers to see a sunsetting provision".

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