Skip to comments.Watch "Energy Dominance needs NAFTA" at the Heritage Foundation
Posted on 01/18/2018 10:25:34 AM PST by brownwill6767
You can watch and listen to the discussion by clicking the URL-LINK in the post. Opportunities abound for negotiating a better NAFTA. As the Trump Administration pushes for modernization, one commonsense policy area that should be preserved and improved is energy.
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Bryan Riley Director, Free Trade Initiative, National Taxpayers Union Aaron Padilla Senior Advisor, International Policy, American Petroleum Institute Daniel Fine Associate Director, New Mexico Center for Energy Policy Hosted by
Nicolas Loris Nicolas Loris Fellow in Energy and Environmental Policy @NiconomistLoris Description Last year, U.S. Trade Representative Robert Lighthizer notified Congress of the Trump Administrations intent to modernize the North American Free Trade Agreement (NAFTA). After several rounds of negotiation among the United States, Canada, and Mexico, many critical issues remain unresolved.
Opportunities abound for negotiating a better NAFTA. As the Trump Administration pushes for modernization, one commonsense policy area that should be preserved and improved is energy. Canada and Mexico are two of Americas most important trade partners in energy markets. The Trump Administration should build off that success. Strengthening the integration of energy markets among the three countries will unleash the massive amount of energy abundance in North America.
Join us as we hear from experts on how enhancing energy trade with Canada and Mexico will result in more jobs and affordable power for American households and help achieve the Trump Administrations goal of energy dominance.
'...The NAFTA also will offer Americans cheaper goods, and increase U.S. exports by making them more affordable for the rest of the world. Moreover, it will create an estimated 200,000 new jobs for Americans, reduce illegal immigration from Mexico, help tackle drug trafficking, strengthen Mexican democracy and human rights, and serve as a model for the rest of the world.'
The original Reagan-Mulroney Free Trade Agreement was good for both the USA and Canada. It came off the rails when it morphed into NAFTA, and it’s been downhill ever since.
Now who was that sitting in the Oval Office when Mexico was brought in?
Yup. Two countries will similar legal systems and cultural attitudes exploiting their own particular comparative advantages in trading with each other. The result is a fairly balanced trading account.
Mix in cheap Mexican labor, a lax judicial and legal system, and large scale corruption and you have a prescription for disaster. Keep the FTA and kick Mexico out.
Additionally, Mexican oil output is plunging while the US and Canada surge ahead in production. The only comparative advantages Mexico had were cheap labor and cheap oil. As it slides into the abyss labor will get cheaper, something for the unions to ponder, and energy supply will decrease. Do we need them?
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