This report provides a high-level overview of the Summary of Objectives for the NAFTA Renegotiation (the Summary), which was issued by the Office of the United States Trade Representative on July 17, 2017. The Summary, required to be published under US law before formally commencing the renegotiation, identifies the objectives of the Trump Administration regarding the North American Free Trade Agreement (NAFTA), and provides an insight into the issues that will be on the table in upcoming negotiations.
The Summary sets out, in significant detail, the items on which the US will be pressing Canada and Mexico. In this report, lawyers from Dentons' global International Trade group take a closer look at some of the highlights that are most likely to be of interest to our clients, including:
- Trade in goods
- Customs and trade facilitation
- Rules of origin
- Trade in services
- Telecommunications and financial services
- Digital trade in goods and services, and cross-border data flows
- Investment
- Intellectual property
- Transparency, competition and State-Owned and Controlled Enterprises (SOE)
- Labour and the environment
- Anti-corruption
- Trade remedies and Chapter 19 dispute settlement mechanism
- Government procurement, energy, dispute settlement and currency
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