By Miles Moore, Senior Washington Reporter
WASHINGTON — A modernized North American Free Trade Agreement (NAFTA) — ensuring the highest fair trade standards covering the broadest possible range of goods and services — is the Trump administration's goal for the trade pact's reauthorization.
This was the gist of the “Summary of Objectives for the NAFTA Renegotiation,” issued by the Office of the U.S. Trade Representative (USTR) on July 17.
The USTR document was greeted by a wide range of comments. The United Steelworkers (USW) union, which has recently opposed international trade agreements, said renegotiation of NAFTA — which involves trade among the U.S., Mexico and Canada — must concentrate on protecting the livelihoods and rights of workers.
Meanwhile, the North American Strategy for Competitiveness (NASCO), a Dallas-based coalition whose hundreds of members include Bridgestone Americas and the Michigan Department of Transportation, said the renegotiation is an opportunity to optimize North America's competitiveness worldwide.
“The America that existed when NAFTA was signed (in 1994) is not the America that we see today,” said the introduction to the USTR summary.