U.S. Chamber of Commerce launches new website for North America Economic Alliance

Tuesday, August 15, 2017

Posted by the U.S. Chamber of Commerce, August 15, 2017  - 7:00 pm

Ahead of the start of NAFTA modernization talks, we wanted to share with you this new opinion piece by U.S. Chamber President and CEO Tom Donohue, which was just posted on FoxNews.com. 

In the piece, Donohue shares the business community's perspective on the first round of negotiations, outlining the issues that should - and should not - be on the table as the discussion begins.

As Donohue puts it: 

The coming negotiations are an opportunity to make the agreement even stronger. But the work will not be easy, and all parties must commit to seizing the big opportunities while avoiding dangerous pitfalls. Negotiators are starting in the right place by committing to first and foremost do no harm-a principle the U.S. Chamber has insisted should guide any effort to modernize the agreement.

U.S. negotiators should prioritize changes that boost American jobs, exports, and economic growth. For example, there is widespread agreement that digital commerce provisions should be added to the agreement to ensure that firms can move data freely across borders. ... Further, they should modernize NAFTA's intellectual property rules, which were cutting edge when first negotiated but now are due for major improvements. ... While some changes are necessary, negotiators must also know what to leave alone. For instance, it would be a mistake to focus on the U.S. trade balance, which isn't a fair measure of who's "winning" on trade.

Our economy has changed in exciting ways over recent decades-partly because of the trade, growth, and cooperation NAFTA has promoted. Now we have an opportunity to make the agreement even better and, in doing so, to launch a new age of economic growth and job creation. 

Donohue's op-ed and can be found online here.

Additionally, we'll be launching a new NAFTA blog series for our online platform, Above the Fold. Check here for the first post by John Murphy, the U.S. Chamber's senior vice president for international policy.  

We will also be launching our website for the North America Economic Alliance, which can be found here.

Please feel free to reach out if you have any questions.

Best regards,
The USMXECO Secretariat