Published by The Daily Signal
By Chrissy Clark
Modernizing a longstanding trade deal with Canada and Mexico will help achieve the energy dominance the Trump administration is pushing for, three policy analysts said at The Heritage Foundation.
The North American Free Trade Agreement, or NAFTA, ratified by the Senate in 1994, was designed to limit the tariffs and boundaries of trade among Canada, Mexico, and the United States.
Bryan Riley, a former Heritage trade expert who is director of the National Taxpayers Union’s free trade initiative, said that “in retrospect, NAFTA has been a huge success” in spurring trade and economic growth in the three countries.
But beginning in May, and following through on one of President Donald Trump’s campaign themes, the administration set out to modernize the trade agreement and revise the deal to put “America first.”
NAFTA as it currently stands was a major reason for the decline in America’s manufacturing jobs, Trump has said.
Heritage, a leading conservative think tank, hosted the Jan. 16 event to highlight advantages of increasing energy trade with Canada and Mexico.
See the full story here.
Link: http://dailysignal.com/2018/01/23/nafta-key-to-american-energy-dominance-experts-argue/
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