Thursday, March 7, 2024

Brookings Institution: "USMCA Forward 2024" Launch Event

A two-hour discussion assessing the progress of USMCA in its 3 years of supplanting NAFTA was held on March 6, 2024 at Brookings, 12:30-2:30 PM.  The introduction was proffered by Ms. Cecilia E. Rouse, President of Brookings.  Mr. Joshua Meltzer of the Global Economy Development was the session's moderator.  A fireside chat was then conducted between Mr. Meltzer and Amb, Katherine Tai,  US Trade Representative.  Ms. Tai admitted that the day's session topic is one of her current favorites.  She set the tenor of the meeting: NAFTA was vastly improved, through USMCA--particularly in its appeal to workers in its many trade projects involving investment, management, and workers on supply chains distributed around the world.

In Panel 1, Mr. Meltzer led the discussion between Mr. Juan Thurlow, Chairman of the Board, CULTIBA; and Ms. Cathy Feingold, International Dept. of AFL-CIO.  The discussants emphasized that the workers were being a voice regarding how things were to be done in the production of the items produced and then sent on their way via distribution networks. Mr. Thurlow mentioned that these review sessions are periodically acted upon, the next in 2026, and are bound to lead to a deeper understanding of each function in the supply chain production and distribution, particularly when disputes are noted and taken up.  Ms. Feingold argued that USMCA's enforcement mechanism of the rules adopted and in effect is a procedure to enhance the role of collective bargaining.

In Panel 2, participants were Ms. Alexaandra Palacious, Mexican Antitrust Agency, USC; Ms. Luz de la Mora, Atlantic Council; Professor Robert Howse, NYU Law School; and Geronimo Gutierrez, Covington and Burling.  Ms. Mora portrayed how disputes among the several groups are handled.  The processes conducted to integrate trade supply chain industries to obtain greater efficiency and timeliness.

All-in-all, those that produced the written document merely summarized in this event, discerned the value in having a public forum to serve as a springboard for improving the infrastructure of input and say on how trade agreements are to represent the various factions in the agreement.  

        

      

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