Hinrich Foundation: Difficult Issues to Resolve in Nafta

The video discusses the renegotiation of the NAFTA agreement, focusing on updates and modernization efforts. Key issues include the removal of Chapter 19, which is important to Canada and Mexico, and the US's focus on reducing the trade deficit. The discussion highlights the complexity of these negotiations, given the intertwined supply chains and the relatively minor role of NAFTA in the overall US trade deficit. The end goal is not a complete overhaul but enough changes to claim improvements.

What is one of the contentious issues in the NAFTA renegotiation discussed in the first section?

• Removal of Chapter 19

• Reduction of environmental regulations

• Introduction of new tariffs

• Expansion of NAFTA to other countries

Which sector is highlighted for market access liberalization in the second section?

• Textiles

• Technology

• Agriculture

• Automotive

What is the US's primary goal in improving market access to Canada and Mexico?

• To increase exports

• To reduce the trade deficit

• To enhance diplomatic relations

• To promote cultural exchange

What principle guides the NAFTA renegotiation according to the third section?

• Expand membership

• Do no harm

• Complete overhaul

• Increase tariffs

Why is reducing the trade deficit within the NAFTA region considered complex?

• Because of intertwined supply chains

• Insufficient market size

• Due to high tariffs

• Lack of political will