Objectives of the Presentation
This session will discuss:
What NAFTA is
Why it is being changed
US renegotiation objectives
Contentious negotiation issues
The renegotiation timeline
The possibility of Trump dumping NAFTA
The effect of changes to NAFTA on you
Canadian goals and objectives
Mexican goals and objectives
Why Should you Attend
Know how the negotiations on NAFTA may impact your business. It has been twenty-three years since Canada, Mexico, and the United States signed the North America Free Trade Agreement (NAFTA). One of the largest free trade zones in the world, NAFTA has greatly increased trade and investment among the three nations. Continental free trade helps companies to be more competitive globally.
However, NAFTA remains controversial, with President Trump calling NAFTA the "worst trade deal maybe ever signed anywhere." Recognizing that the agreement should be updated rather than scraped, the US, Canada, and Mexico have agreed to renegotiate the free trade area beginning August 16, 2017. The US published its general objectives for the renegotiation, which include the elimination of dispute settlement panels, reducing trade deficits, tightening of rules of origin, adding a section on e-commerce, as well as provisions for labor and the environment. These issues and more will be the subject of intense bargaining. Protectionist themes could de-rail the process.
Most analysts expect a revamped NAFTA to be signed in early 2018. NAFTA and its renegotiation present opportunities and challenges to nearly every business, and in nearly every industry operating within the US, Mexico, and Canada. Understanding these opportunities and challenges will quickly become an essential element of business strategy.
The stakes for industry and labor are high. Certain changes, if implemented, could disrupt global supply chains, jeopardizing the operations of manufacturers who depend upon imported components. In addition, a new NAFTA could bring with it increased prices for automobiles, and consumer goods such as clothing, shoes and even food. NAFTA negotiations may make the trading environment tumultuous and uncertain: discouraging investment, increasing the potential for reprisals from trading partners and increasing the risk of barriers to American exports.
Who will Benefit
Directors, CEOs, CFOs, COOs, VPs & C-level professionals across trade industry, Import and export managers, Supply chain managers, Labor and legal affairs, Procurement managers, Customs regulatory managers, Customs compliance managers, Operations professionals, Regulatory compliance professionals, Custom compliance personnel, Quality managers, Office managers, Customs/logistics supervisors, Trade compliance managers, EHS managers, Purchasing managers, Quality/process control engineers, Project managers, Global compliance managers, Sales administrators, Personnel involved in import-export from/to North America, Shipping and logistics personnel, Legal personnel, Trade consultants/advisors, Chambers of commerce professionals, Foreign trade agency professionals, Business development professionals