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News
9, Sep 2018 06:55 PM
News
9, Sep 2018 01:07 AM

The art of negotiating. Can we do a little better in contributing to the required deadline of Nov 30th for the Pact of the century?

Posted  21 Views updated 13 days ago

THE GOOD NEWS IS . . .

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Both parties have agreed to extend talks after four days of negotiations with a variety of significant differences still remaining.

 The goal is to sign a new pact in late november, designed to replace the quarter century old treaty, which the Trump administration has repeatedly branded as a disaster.

President Trump believes the old agreement encourages US manufacturers to shift factories to Mexico, which he believes is responsible for the steadily increasing trade deficit between the two, which hit 68 billion last year. Economist contend that even though Nafta was responsible for the growth of employment in all three countries, they generally agreed that trade deficits can be caused by a lack of savings, amongst other reasons. On the Canadian side of things, Prime Minister Justin Trudaeu would like to maintain it’s right to challenge any Tariffs imposed by any member bloc nation. 

US Lawmakers insist the current administration does not have the authority to hold bilateral talks.

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If no deal is reached with Canada, law makers can reject President Trump’s proposal.

  Canadian Officials openly admits, they would like to protect their industry from US Government actions, along with it’s cultural sector being overwhelmed by United States media, music and publications. President Trump has called for concessions by Canada on agriculture, adding that the current policy is unfair to US Producers. He also argued that any actions taken to protect member’s from each other’s actions is a violation of soverignty.

Canadian Officials openly admits, they would like to protect their industry from US Government actions, along with it’s cultural sector being overwhelmed by United States media, music and publications. President Trump has called for concessions by Canada on agriculture, adding that the current policy is unfair to US Producers. He also argued that any actions taken to protect member’s from each other’s actions is a violation of soverignty.

The Trump administration has already notified congress of it’s intent to sign a trade deal with Mexico with 30 days to provide details. Emphasizing Canada is welcome to join. Groups will still have time to to tweak the agreement through lobbying efforts before final language is drafted. President Trump should plan for it.

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The US Leader’s consistant use of harsh comments towards Candian Prime Minister Justin Trudeau can prove to be a complicated hindrance in the process of moving forward, in a timely manner.

 Many Economic observers believe that without Canadian participation in Nafta overall, the deal between the United States and Canada will crumble.Once final text has been drafted, congress has 60 days to consider it. President Trump’s notification to congress commenced the process to reach a new deal by Decemeber, after a congressional vote. Eventhough a precise timetable for a new deadline imposed by the Trump administration remain unclear, we are still hopeful. President Trump’s recent comments quoted by the Toronto times, sends signals of hostilities.

He has been quoted as saying he would only sign a new deal with Canada, totally on our terms. Canadian Chief Negotiator Foreign Minister Chrystia Freeland snet signals of hope after she told reporters after the talks broke up, that she believes that the Trump team was negotiating in good faith and that a three way win for all parties is within reach.

Does Canada have the right to protect it’s cultural sector from a US media influx? Why? why not?

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The swaying of public opinion.

Media is an effective way to introduce consumers to new product developments, sway public opinion on a variety of matters and is a very profitable industry. Take into consideration how much of Canada’s entertainment profits contribute to their national G.D.P. A huge influx of undesirable US media can not only affect those numbers but sway public opinion on a variety of products, policies and public opinion. A Country should have the right to protect it’s profits from foreign influence. As we can trace back shortly into history, media has the ability to topple regime and introduce a new way of thinking. 

Should Canada re-consider their concessions on agriculture, and what other factors would trigger a more protectionist approach to things?.

Low quality can create a decrease in demand.

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Even-though cheaply priced products may improve sales volume, overall over a period of time it can create a decrease in demand due to a huge influx and easy accessibility.

 What’s good for the goose may not always be good for the gander. Consider Candian standards on dairy products and compare it with ours. If Canadian standards are higher then it wouldn’t exactly benefit them to not protect that indusrty especially if if the majority of internally standards does not compare. Good standards justify good pricing. Our FDA has been very lenient lately on product approval ready for the market. Low quality products justify low pricing and can quickly contribute to a decrease in a certain product demand which can quickly turn it into an undesirable market or at least under priced. 

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Source citation.

  1. Author  Schlesinger, Jacob  M & Paul Vieira  
  2. Title Canada, U.S. Miss Deadline for Nafta
  3. City  New York
  4. Year 2018
  5.  Month September
  6. Pages a1,a5

Publishing.

  1. Publisher Christopher Lloyd
  2. Editor Murray, Matt
  3. Volume CCLXXII
  4. Issue 53
  5. Short title Nafta Talks Extended
  6. Medium Newspaper
  7. Comments Published Since 1889 By: Dow Jones 

Date accessed

  • 2018
  • September
  • 1
  • URL WSJ.com


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