JoyV wrote:
I have a good friend who lost his business due to NAFTA. He struggled from soon after it was implemented until the 2008 crash put the nail in the coffin. I also was seeing a small business adviser where I've met several people whose small businesses were hit hard by NAFTA. More than half wound up closing. Others struggled.
NAFTA was good for a small percentage American businesses. But mostly it helps Mexican businesses at the expense of American ones. Often due to Mexican businesses which operate in the US under NAFTA not having to comply with the regulations American businesses need to operate under. And though large businesses are welcomed to operate in Mexico, small businesses are not. And the trouble you can get into for stepping on the wrong toes is far more serious than the trouble you can get into in the US. For instance, there are lots of regulation, fees, and laws truck drivers need to operate in the US. But under NAFTA, Mexican truck drivers can operate in the US but be exempt from US regulations, fees, and some of the laws.
Can you explain to me how American farmers are making more money under NAFTA? My economic understanding must be deficient.
I have a good friend who lost his business due to ... (
show quote)
I made a lot of money after NAFTA,,,,,, but it had nothing to do with NAFTA....
So, I would say unless those small biz were doing working with Mexico/Canada and some regulations went against them, nothing would change..
I was under the impression that driver had to change at the border.. But have not been involved with trucking over the road biz for the time of the agreement..
American farmer and the ag biz had huge contracts for grain, hogs and mchy with Mexico and also with Canada..
when the orange mouth went on a rant about the trade agreement. Mexico moved contracts to Brazil and other nations for all of those things.
Combine the NAFTA loss with the loss of trade to China and a number of farmers may not survive to any kind of new contract...
http://thehill.com/opinion/energy-environment/370363-nafta-has-helped-grow-american-agriculture-for-two-decadesBut it is hard to imagine that anything has been as important to America’s agricultural community over the last two decades than the sustained success provided by the North American Free Trade Agreement (NAFTA).
Among NAFTA’s many accomplishments, it has opened markets in Canada and Mexico to American farmers that would otherwise be closed completely or complicated by needless barriers. In 2016 alone, this resulted in $43 billion worth of food and agricultural goods being exported to Mexico and Canada, making those countries the largest export markets for American agriculture.
he growth driven by NAFTA has been nothing short of amazing. Agricultural exports from the United States to these two countries have grown by 450 percent since 1994 and Mexico is now the top export destination for a long list of U.S.-grown products, including beef, rice, soybean meal, corn sweeteners and apples. With record yields being produced across the United States, we’ve needed access to export markets more than ever and NAFTA has met the challenge.
The benefits of NAFTA are seen across various sectors within the American economy, however. For example, post-NAFTA, the U.S. food and agriculture industries have flourished and now support more than 43 million jobs and economists say NAFTA has boosted the U.S. economy by $127 billion annually. The benefits are wide-ranging, extending down to American consumers who pay less at the store for everything from avocados to televisions thanks to this trade agreement.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
https://www.reuters.com/article/us-trump-effect-corn-exclusive/exclusive-as-trump-trashes-nafta-mexico-turns-to-brazilian-corn-idUSKCN1G61J4?utm_source=applenewsExclusive: As Trump trashes NAFTA, Mexico turns to Brazilian corn
P.J. Huffstutter, Adriana Barrera
8 MIN READ
CHICAGO/MEXICO CITY (Reuters) - Mexican buyers imported ten times more corn from Brazil last year amid concern that NAFTA renegotiations could disrupt their U.S. supplies, according to government data and top grains merchants.
Mexico is on track to buy more Brazilian corn in 2018, which would hurt a U.S. agricultural sector already struggling with low grains prices and the rising competitive threat from South America.
U.S. farmers, food processors and grain traders have spent months trying to prevent trade relationships from falling apart if the North American Free Trade Agreement implodes. They are trying to protect more than $19 billion in sales to Mexican buyers of everything from corn and soybeans to dairy and poultry.
Despite their efforts, South American corn shipments to Mexico are surging. Mexican buyers imported a total of more than 583,000 metric tonnes of Brazilian corn last year – a 970 percent jump over 2016, according to data from Mexico’s Agrifood and Fishery Information Service (SIAP).
The purchases all came in the last four months of last year. They followed visits by Mexican government officials and grains buyers to Brazil and Argentina to explore alternative supply options in the months after U.S. President Donald Trump took office and threatened to tear up the trade pact.
Mexico has long been the top importer of U.S. corn, and is the second largest buyer of U.S. soybeans, giving Mexico leverage in corn-belt states that are staunch Trump supporters but also strongly back the trade status quo.
Mexico’s Economy Minister Ildefonso Guajardo, who is overseeing Mexico’s NAFTA neogitating team, encouraged the country’s major grain buyers last year to explore South American corn to strengthen his hand at the negotiating table, saying the country needed a “Plan B” in case Washington pulled out of the trade deal.