🌎 Is the new trade deal replacing NAFTA a win-win-win situation? | Inside Story


It was billed as the world’s largest free trade area affecting 500 million people when NAFTA was signed in 1994. Barriers were removed and trade boomed, making it worth $1.2 trillion. But critics argued it decimated several manufacturing hubs in the US, with companies taking advantage of lower wages in Mexico to shift operations south.
US President Donald Trump promised to rewrite NAFTA or get rid of it. High-pressure negotiations followed. An unpopular outgoing government in Mexico struck a deal in August – long-time ally Canada was left out. Relations deteriorated between Trump and Canadian Prime Minister Justin Trudeau. But the countries need each other economically and both appear to have found things they like in the new agreement to be called the United States-Mexico-Canada Agreement or USMCA.

Presenter: Adrian Finighan

Chris Garcia – CEO of Vicar Financial, and former Deputy Director at the U.S. Department of Commerce under President Trump
Colin Robertson – former Canadian diplomat who was part of the team that negotiated the original NAFTA deal in 1994
Fernando GonzΓ‘lez-Rojas – Professor of International Trade at the Monterrey Institute of Technology and Higher Education.

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