Tag: Buenos Aires

LIVE: G20 SUMMIT – Buenos Aires, Argentina – 11/30/2018

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Live: President Trump Participates in the “United States, Mexico & Canada Agreement” (USMCA) Signing Ceremony – Buenos Aires, Argentina – 11/30/2018

This morning we will watch President Trump, Live from Buenos Aires, Argentina.  He will sign the United States, Mexico & Canada Agreement (USMCA).  This trade agreement will terminate NAFTA.

The president argued the USMCA focuses on fairness and reciprocity. The deal sets new protections for labor, the environment, and intellectual property.

He added, the deal will close job-killing loopholes, which he says will be a great victory for American farmers, manufacturers and autoworkers.

Despite the agreement, President Trump confirmed U.S. tariffs on steel and aluminum imports will remain in place.  President Trump said the deal will terminate NAFTA, which he criticized as one of the worst trade deals ever made.

He plans to sign the deal next month before sending it to Congress for approval. (Source:  One America News Network)

USMCA a Trade Deal for the 21st Century

 

One of the core promises that swept President Donald Trump into office was that he would renegotiate better deals for the United States with our traditional trading partners. With the announcement of a new trade pact among the United States, Mexico and Canada, we welcomed the tremendous news that the North American Free Trade Agreement (NAFTA) will be, if approved by Congress, replaced by a much stronger agreement. Known as the United States-Mexico-Canada Agreement (USMCA), the package will be important for American workers and our economy as a whole, including the agricultural sector, which counts Mexico and Canada in our top three trading partners.

I have long said that I believe our country is located in the best neighborhood on Earth – North America – with valuable allies to our north and south. Though the old NAFTA agreement was considered a generally positive compact for agriculture, there was certainly room for much-needed improvement. Under USMCA, we have created new rules to help our farmers, ranchers and workers better face the challenges of the 21st century economy, which will secure greater access to the Mexican and Canadian markets and maintain and improve the highly productive integrated agricultural relationships we have as nations.

The agreement with Mexico came first, near the end of August, and includes a number of provisions sought by the United States. Importantly, 21st century innovations in agricultural biotechnology are addressed for the first time, including cutting-edge processes like gene editing. These innovations serve as a template for agreements in the future. And we mutually pledge to work together to reduce trade-distorting policies, increase transparency and ensure nondiscriminatory treatment in grading of agricultural products. In addition, the United States and Mexico agreed not to use so-called “geographic indicators” to restrict the marketing of certain cheeses under common names, such as provolone, Swiss, or ricotta, which the European Union had wanted to restrict.

The second piece of the USMCA puzzle was the negotiation with Canada, where key sticking points centered on dairy issues and were among the last to be cleared. Notably, as one of the president’s top goals, the new agreement will eliminate Canada’s unfair “Class 6” and “Class 7” milk pricing schemes, in which Canada has used low-priced products to undercut United States dairy sales in Canada and other international markets. The deal will also crack open additional access to United States dairy into Canada, including products like fluid milk, cream, butter, skim milk and cheese, and will also preserve and expand critical access for United States poultry and egg producers. America’s wheat farmers also get a big win. A reform of Canada’s discriminatory wheat grading process will help United States wheat growers along the border become more competitive. These are all significant victories for American agriculture.

As we celebrate this breakthrough, it is worth noting that there were many detractors who said it could not be done. But the emergence of an agreement is further proof that President Trump’s trade negotiation strategy is working. To strike the best deals possible for the United States, the president has shown that he is willing to walk away from the bargaining table if he feels our country is being unfairly treated. In the case of USMCA, the president’s approach resulted in earnest negotiations among the three nations and a final package which is beneficial for all three countries.

This is not the first major step forward in international trade under the Trump administration, nor do we feel it will be the last. Before President Trump successfully concluded USCMA, he made good on his promise to revise and improve KORUS, the trade pact with the Republic of Korea. Add to these achievements the president’s recent announcement of his intention to negotiate a trade deal with Japan – a significant market for United States agriculture exports that, until recently, had rejected talks of a bilateral agreement with the United States – and growing optimism for a successful trade deal with the European Union, and it is easy to see the dominoes falling. The president is committed to achieving good trade deals for America – including our current issues with China, which I believe we will surmount as well.

The bottom line is this: Free, fair and expanded trade among nations is good for the American economy and our highly productive farmers, ranchers, foresters and producers. The newly minted USMCA goes in the win column for President Trump and his negotiating team, led by our United States Trade Representative, Ambassador Robert Lighthizer. Our economy, and American agriculture, will be better off for it.

This article appeared in The Spokesman-Review on October 17, 2018. 

The new United States–Mexico–Canada Agreement includes key victories for American manufacturers, agriculture, businesses, and workers.

BUSINESS INSIDER: Trump’s New Trade Deal with Canada and Mexico is Winning Early Praise

“Early reviews of President Donald Trump’s new trade pact with Mexico and Canada are positive … The refreshed version of NAFTA will include increased labor protections for workers, increased standards for duty-free auto shipments, increased access to the Canadian dairy market for US farmers, and a slight tweak to the deal’s dispute-resolution system.”

FOX BUSINESS: US Stocks Surge as US, Canada, Mexico Reach Trade Deal

“Stocks surged Monday as Canada and the U.S. reached a trade deal that also includes Mexico, and key changes at the top of major corporations boosted investor sentiment.”

THE WASHINGTON TIMES: Trump Trade Deal with Canada, Mexico Gets American Farmers’ Stamp of Approval

“The Trump administration’s new three-way trade deal to replace NAFTA got a thumbs-up from American farmers. Americans for Farmers & Families spokesman Casey Guernsey, a seventh-generation farmer, said the three-way deal showed Mr. Trump remembered his promise ‘to stand up for rural America. … After years of declining income and months of trade uncertainty, farmers desperately needed a win, and today the Trump administration delivered it,’ he said. ‘While eager to learn the details, I hope that Congress will use this positive momentum to bring this important agreement over the finish line.’”

WASHINGTON EXAMINER: Canada Gave Ground on the Key Issue of Dairy in New Trade Agreement

“Canada gave ground to the U.S. in the North American Free Trade Agreement replacement deal agreed to Sunday by rolling back protections for its domestic dairy industry, providing a victory to American farmers on one of the key points of negotiation.”

THE WALL STREET JOURNAL: New NAFTA Shows Trump’s Trade Strategy for Balancing Labor, Business Interests

“The Teamsters have nice things to say about the new North American Free Trade Agreement. Big banks can also claim a victory. … Many labor officials say they’ve been pleasantly surprised with strong language in the agreement pushing Mexico to bolster its unions, including protecting ‘the right to strike.’ American unions have argued that the lack of such provisions in the original NAFTA meant the pact encouraged factories to relocate south of the border in search of cheaper workers.”

NEW YORK POST EDITORIAL BOARD: NAFTA 2.0: Trump Delivers on Another Big Promise

“[I]t’s hard to argue with the result: Trump has once again delivered on a campaign promise that his rivals called a fantasy. A politician who does what he says he’ll do: Imagine that.”

THE VIRGINIAN-PILOT EDITORIAL BOARD: Trade Pact Rings up Trump Victory

“Apparently those hard-line tactics worked, and the president appears well within his right to chalk this up as a victory. Though details were still being finalized for release, it appears that American farmers will secure greater access to Canadian dairy markets…”

TOM ROGAN IN WASHINGTON EXAMINER: From NAFTA to USMCA, Trump Just Got a Win for America

“Whether you’re a Democrat, Republican, or an independent, you should welcome President Trump’s announcement of the new United States-Mexico-Canada Agreement, or USMCA, on Monday. A replacement for NAFTA, the USMCA will increase U.S. access to Canadian markets and ensure greater centering of the car industry in North America.”

STEVE CORTES IN REAL CLEAR POLITICS: Make North America Great Again

“The USMCA framework showcases the practical genius of our negotiator and entrepreneur-in-chief, President Trump.  Unlike the lawyers and bureaucrats who dominate most high political offices, as a global businessman Trump implicitly understands the predicament that American workers and firms face competing against a commercially abusive China.”

CHRISTIAN WHITON ON FOX NEWS: Trump Has Just Revolutionized Global Trade by Replacing NAFTA with USMCA

“Trump administration negotiators reached a major agreement with Canada on trade over the weekend.  The breakthrough, which came on the heels of an earlier deal with Mexico, vindicates President Trump’s tough approach to reforming trade and will mark a fundamental turning point for American jobs and global power.”

LIZ PEEK IN THE HILL: Trump’s ‘America First’ Policy Scores a Big Win with New NAFTA Deal

“The new NAFTA, which will be called the U.S.-Mexico-Canada Agreement (USMCA), secured some advantages for the U.S. while also giving in to certain Canadian priorities. … More broadly, the new NAFTA shows the world that the Trump White House may succeed in bringing home better trade pacts.”

Vice President Pence Delivers Remarks to the Argentine and Latin American Business Community – Buenos Aires, Argentina – 8/14/2017

 

 

ARGENTINIAN TV – 

Buenos Aires – Vice President Mike Pence arrived in Argentina and is meeting with local officials, will be holding joint meetings and will deliver a speech at the Buenos Aires Stock Exchange.  His speech will focus on economic ties between the U.S. and Argentina. 

Argentine President Macri’s election was a promise to clean up corruption and jump-start the economy with a pro-business government that would roll back some of President Fernandez’s policies and cut back government spending.

President Macri struggled reining in double-digit inflation and has been criticized for firing tens of thousands of state workers.  President Marci visited the White House in April – President Trump received him well and declared that they would be “great friends, better than ever before.”  To be fair and to inform the readers, President Marci supported rival Hillary Clinton in the U.S. presidential election.

 

From August 13–18, Vice President Mike Pence is traveling to Argentina, Chile, Colombia, and Panama. This trip serves as a follow-up to a multinational conference co-hosted by the U.S. and Mexico on “Prosperity and Security in Central America” in mid-June. The Vice President should use this trip to highlight important partnerships with the countries and reaffirm the U.S. commitment to their respective sub-regions. Specifically, the Vice President should reaffirm U.S. commitment to security and prosperity in Central and South America, U.S. support for a responsible implementation of the Colombian peace process, and U.S. commitment to addressing the crisis in Venezuela.

Summary 

Vice President Pence’s trip to Latin America provides a great opportunity to follow up on the initiatives developed during the Central America conference and deepen relationships with four important countries. While traveling to Central and South America, the Vice President should:

  • Expand the regional coalition for unified action against Venezuela. Venezuela should be a high priority for the regional visit. The crisis in Venezuela is a problem for all of Latin America. Leaders and stakeholders must join efforts at helping restore Venezuela’s democracy and addressing the humanitarian crisis.

  • Urge the Colombian government to responsibly implement the FARC peace agreement and reduce the cocaine cultivation boom. As the U.S.–Colombian relationship shifts from “Plan Colombia” to “Peace Colombia,” the U.S. must ensure the successes of the former are not lost. For the United States, both the terms of the peace agreement and the way it is implemented are extremely important.

  • Commit to supporting Colombia’s efforts to locate and seize illicit FARC assets. While the Colombian government has seized $100 million from FARC this year, the location of FARC money and assets is still largely unknown.7

    Alba Tobella, “FARC’s Elusive Finances Undercut Support for Colombia Peace,” USA Today, June 13, 2017, https://www.usnews.com/news/world/articles/2017-06-13/farcs-elusive-finances-udercuts-support-for-colombia-peace(accessed August 8, 2017).

    Illicit money cannot remain in FARC control if the group intends on demobilizing and reintegrating into society.

  • Make the case that addressing the crisis in Venezuela requires addressing Cuba’s leadership role in the Venezuelan government. The Organization of American States Secretary General has described Cuba’s presence in Venezuela as that of an “occupational army.”8

    Orlando Avendaño, “Cuba Has ‘Occupying Army’ in Venezuela, OAS Secretary General Claims,” PanAm Post, July 20, 2017, https://panampost.com/orlando-avendano/2017/07/20/cuba-has-occupying-army-in-venezuela/ (accessed August 8, 2017).

    Cuba must be held accountable for its leadership role in Venezuela’s demise.

  • Deepen trade relations with Argentina. President Macri’s leadership presents encouraging opportunities for the U.S. The Trump Administration should seek to reduce bilateral trade barriers. The U.S. should support Argentina’s economic growth efforts.

  • Double down on efforts to support security and prosperity in Central America. The Northern Triangle countries of El Salvador, Honduras, and Guatemala are some the most impoverished and dangerous countries in all Central America. This is largely the reason why they are also the primary source for unlawful migrants to the U.S. Addressing the security and economic crisis in Central America is a proven U.S. national security interest.

Vice President Pence’s trip will help advance the Trump Administration’s “America First” strategy and build bridges between South America and the United States. 

Here is Heritage’s Issue Brief