How Technological Changes Will Impact Nafta Talks

The video discusses how parts of NAFTA have become outdated due to technological advancements, particularly in the automotive industry. It highlights the complexities of trade involving Mexico, Canada, and China, and the challenges in determining the origin of imports. The use of harmonized codes (HS codes) for tracking imports is explained, emphasizing that tracking and understanding supply chain components is not as difficult as it seems.

What are some parts of NAFTA that have become outdated according to the text?

How has technological change affected the components of trade agreements like NAFTA?

What challenges arise when determining the origin of components in imported goods?

What is the significance of the harmonized code (HS code) in international trade?

In what ways do companies track the origins of their imported goods?