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Trump's Nafta rework plan official, USTR Lighthizer says

May 31, 2017 | 08:00 PM | Fastmarkets AMM staff

Particular focus will be given to issues like intellectual property and digital trade a letter issued by Lighthizer's office in mid-May pointed out.

U.S Trade Representative (USTR) Robert E. Lighthizer has notified Congress that President Donald Trump intends to renegotiate the North American Free Trade Agreement (Nafta).

“We intend to initiate negotiations with Canada and Mexico as soon as practicable, but no earlier than 90 days from this notice,” Lighthizer wrote in a May 18 letter to Congressional leaders.

“Through these negotiations, the United States seeks to support higher-paying jobs in the United States and to grow the U.S. economy by improving U.S. opportunities to trade with Canada and Mexico,” Lighthizer’s office wrote.

Particular focus will be given to issues like intellectual property rights and digital trade, according to Lighthizer’s letter.

“Since the signing of Nafta, we have seen our manufacturing industry decimated, factories shuttered and countless
workers left jobless. President Trump is going to change that,” Commerce Secretary Wilbur Ross said in a statement ”I look forward to working with the president, ambassador Lighthizer and our counterparts from Mexico and Canada to find a solution that is both fair and beneficial for all parties,”  Ross added.


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