The North American Free Trade Agreement (Nafta) Offers Strong Protection For

(11) A Party may lay down conditions for the licensing and assignment of trademarks, the compulsory license of trademarks not being permitted and the right of the owner of a registered trademark to assign his trademark with or without assignment of the trademark to which the mark belongs. (e) a reasonable opportunity for interested persons to apply for cancellation of the registration of a mark. Notes: This figure does not include low-value export shipments. The statistics are derived from the 4-digit Harmonized Tariff Nomenclature (HTS) of the United States. The HTS includes a hierarchical structure describing all goods in trade for customs, quota and statistical purposes. This structure is based on the International Harmonized Commodity Description and Coding System (HS), managed by the World Customs Organization in Brussels. The World Trade Organization (WTO) Trade Facilitation Agreement (TFA) could also, if fully ratified, affect trade facilitation between NAFTA parties. Eighty-eight of the 109 countries needed have ratified the agreement. On 3 October 1987, the United States and Canada signed a bilateral free trade agreement (CFTA). The Free Trade Agreement was the first economically significant bilateral free trade agreement signed by the United States.3 Implementing legislation4 was approved by both houses of Congress under the Fast-Track Authority, now known as the Trade Promotion Authority (TPA) and signed on September 28, 1988 by President Ronald Reagan. While the free trade agreement sparked an important political debate in the United States, it marked a turning point for Canada.

Controversy over the proposed free trade agreement led in 1988 to the so-called “free trade” election, in which incumbent Progressive Conservative Prime Minister Brian Mulroney, who negotiated the agreement, defeated Liberal Party leader John Turner, who promised to reject it if elected. After the elections, the Free Trade Agreement was adopted by Parliament in December 1988 and entered into force on 1 January 1989 between the two nations. At the time, it was arguably the most comprehensive bilateral free trade agreement negotiated in the world and contained several pioneering provisions. The deal In July 2017, the Trump administration provided a detailed list of changes it wants to make to NAFTA. [131] The top priority was to reduce the U.S. trade deficit. CFR`s Edward Alden says fear of trade deals has increased because wages have not kept up with labor productivity, while income inequality has increased. To some extent, he says, trade agreements have accelerated the pace of these changes because they have “strengthened the globalization of the U.S. economy.” The role of the internet in international trade has expanded considerably since the introduction of NAFTA more than 20 years ago.

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