So what did the US get out of it?
Answer:
https://ustr.gov/trade-agreements/free-trade-agreements/united-states-mexico-canada-agreement
The USMCA is a mutually beneficial win for North American workers, farmers, ranchers, and businesses. The Agreement is creating more balanced, reciprocal trade supporting high-paying jobs for Americans and grow the North American economy.
Translation. Workers stay employed as long as Mexico is bribed/force into buying US cars mainly, and all industrial products for as long as it takes them to catch up to US manufacturing standards, which are subpar (compared to the world standard).
This is institutionalized corruption.
At least all people in the Brexit thread are saying that, when the EU tries to protect the italian shoe industry doing the same..
Agreement highlights include:
• Creating a more level playing field for American workers, including improved rules of origin for automobiles, trucks, other products, and disciplines on currency manipulation.
= Structural corruption.
Agreements for mexico to have to purchase US cars for the forseeable future, and - mexico agrees to less currency dumping in exchange for more investments and open borders . (Thats mexico getting the better end of the deal.)
• Benefiting American farmers, ranchers, and agribusinesses by modernizing and strengthening food and agriculture trade in North America.
The majority of farmers in the US are highly automated, large acreage businesses, who now have better export markets to dump their products in. No new jobs to be created anywhere. (Productivity can not be increased by increasing manpower.) So basically a gift to rich (large acreage) landowners. (Who were currently producing soy that china _had_ to buy..
Lower transport costs for them, so they get richer.)
• Supporting a 21st Century economy through new protections for U.S. intellectual property, and ensuring opportunities for trade in U.S. services.
Gift to the tech industry and Hollywood, and the financial services industry. (Partly kidding on Hollywood..
). Also a play for mexico not to develop too fast. Would be interested in what this entails in more detail.
• New chapters covering Digital Trade, Anticorruption, and Good Regulatory Practices, as well as a chapter devoted to ensuring that Small and Medium Sized Enterprises benefit from the Agreement.
Developing mexico. And making some deal to somehow cut in 'small and medium sized enterprises'. Again, would be highly interested in what this entails.
edit: Here is the chapter on small an medium size enterprises:
https://ustr.gov/sites/default/file...ext/25_Small_and_Medium-Sized_Enterprises.pdf
edit: Following opportunities shall be created for small and medium enterprises (SMEs):
A:
" small business support infrastructure, including dedicated SME centers, incubators and accelerators, export assistance centers, and other centers as appropriate, to create an international network for sharing best practices, exchanging market research, and promoting SME participation in international trade, as well as business growth in local markets; "
PR bingo and networking opportunities, as well as knowledge transfer to mexico.
B:
strengthen its collaboration with the other Parties on activities to promote SMEs owned by under-represented groups, including women, indigenous peoples, youth and minorities, as well as start-ups, agricultural and rural SMEs, and promote partnership among these SMEs and their participation in international trade;
PR
C:
enhance its cooperation with the other Parties to exchange information and best practices in areas including improving SME access to capital and credit, SME participation in covered government procurement opportunities, and helping SMEs adapt to changing market conditions; and
more financing where needed, and where a businessmodel to produce something mexico needs is underlying (i.e. not 'easier access to credit' just more informed access to credit
) Benefits rich folks, first and foremost. And entrepreneurs.
And people who payed for lobbying because they get more state contracts. Through SMEs. (More corruption opportunities..
More easy access to tax money for lobbied interests.
)
D:
encourage participation in platforms, such as web-based, for business entrepreneurs and counselors to share information and best practices to help SMEs link with international suppliers, buyers, and other potential business partners.
Drive efficiency gains. Produce even more cheaply in the US, using less labor.
Haha!!!
