Canada and the U.S. ended weeks of intense bargaining Sunday with a last-minute trade deal that gives American farmers major new access to the dairy market here, but preserves a dispute-resolution system the United States wanted killed.
It is to be renamed USMCA – United States Mexico Canada Agreement – after President Donald Trump said the name NAFTA had “bad connotations.”
The officials highlighted in particular that the U.S. had won a “substantial” increase in access to the Canadian dairy market, and that Canada had agreed to end the “class-seven” milk program that undercut American sales of a special dried-milk product.
But Canada appeared to score a significant victory, as well, with the U.S. agreeing to keep intact the chapter-19 mechanism for resolving disputes over anti-dumping and anti-subsidy duties, which American negotiators felt undermined the autonomy of their courts.
No comments:
Post a Comment