FELDSTED - Two years after the change was to happen, they announce the change they promised five years earlier and bury overrun costs as best as they can
Nancy Pelosi and the Democrats have sat on the North American Free Trade
Agreement (NAFTA) 2.0 ratification to avoid giving President Trump a “win” with
an improved NAFTA. Minor changes by the Congress are window dressing to justify
the delay in US approval of the deal.
Christina Freeland |
Trips by recently appointed Deputy Prime
Minister of Canada, Christina Freeland, to the US and Mexico,
are also window dressing. This is the tiresome nonsense that governments love.
They announce a grand change to programs with great gusto. Two years later they
re-announce the same change in an economic update.
Two years after the change was to happen, they announce the change they
promised five years earlier and bury overrun costs as best as they can while
expecting us to cheer their accomplishment.
NAFTA never died; the agreement kept working while the “negotiations”
bored us stiff. Now our taxpayers will shell out a couple of billion dollars to
cover the losses of Canadian dairy farmers and our steel and aluminum smelters
and foundries while our economy drops a few hundred million a year in auto
parts we once made and are now made in the USA.
The US won major concessions while boosting its manufacturing sector and
economy. We came out battered at best.
NAFTA amendment negotiations started in August 2017. In November 2018
(15 months later) we were told the amended agreement was complete and ready for
ratification. Now we are told that the deal is again ready for ratification
again (12 months later, 27 months in all).
“This has been a long, arduous and at times fraught negotiation,” said
Deputy Prime Minister Chrystia Freeland, who was in Mexico City for the
elaborate signing ceremony.
Give us a break ducks; original negotiations took 15 months of on and
off meetings. Ratification delays have taken another year of intermittent
negotiations; nothing lasting long enough to cause a sweat. You are
regurgitating the euphoria of government announcements on NAFTA in November
last year and they have gone rancid in the interim.
At best we survived the negotiations and have nothing to cheer over.
John Feldsted
Political Commentator, Consultant & Strategist
Winnipeg, Manitoba
Political Commentator, Consultant & Strategist
Winnipeg, Manitoba
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