Ministers to Discuss TPP at APEC

The video discusses the expectations and challenges surrounding the renegotiation of NAFTA, emphasizing the need for a trilateral agreement involving Canada, Mexico, and the United States. It highlights the necessity to update NAFTA to reflect modern economic realities, such as the digital economy and intellectual property developments. The potential influence of the TPP on NAFTA is also explored, with industry pressures in the U.S. pushing for the adoption of TPP elements. The video concludes by addressing the timeline and unpredictability of the negotiations, noting the negative impact of uncertainty on business investments.

What is the primary hope for the future of NAFTA according to the speaker?

• A focus solely on trade in goods

• An agreement excluding digital economy aspects

• A trilateral agreement including Mexico and Canada

• A bilateral agreement between the US and Canada

Why does the speaker believe NAFTA needs updating?

• It was originally designed for a digital economy

• It lacks provisions for e-commerce and intellectual property

• It focuses too much on services economies

• It was negotiated in the 2000s

How might the TPP influence a new NAFTA agreement?

• By excluding all TPP elements

• By adopting elements from the TPP

• By focusing only on bilateral agreements

• By ignoring industry pressures

What is a potential consequence of prolonged NAFTA negotiations?

• Increased business investments

• Greater certainty for businesses

• Delayed investment decisions

• Immediate economic growth

What is the speaker's hope regarding the timeline for completing NAFTA negotiations?

• To complete in over four years

• To rush the process without concern for details

• To take as long as necessary

• To finish within the next 18 months