NRF: Modernize NAFTA, Do Not Withdraw

The United States should work to modernize the North American Free Trade Agreement but should not withdraw from the agreement, the National Retail Federation said.

“While we support modernizing the agreement, we are concerned that some of the proposals the United States has or will put forward move away from the ‘do no harm’ mantra touted by the administration and supported by the business community,” Matthew Shay, NRF President and CEO, wrote in an op-ed.

“A true modernization of NAFTA should push the agreement forward to address today’s environment as well as the future. Unfortunately, many key proposals seem to look backward and may end up doing more harm than good.”

Shay said threatening to withdraw from NAFTA or to include a sunset provision “should be a non-starter” and that proposals to include restrictive new rules of origin, new trade remedies or the elimination of investor protections should be rejected.

“An end to NAFTA would cost the United States jobs and harm the economy while resulting in higher prices for consumers and reduced availability of products,” he said.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >