Recommending an approach to streamline the North American Free Trade Agreement (NAFTA) with Canada and Mexico, the Arizona Chamber of Commerce & Industry recently sent suggestions to newly appointed U.S. Trade Representative Robert Lighthizer.
The chamber’s message focused on its strong desire to see the U.S. view the renegotiation of NAFTA as an ideal chance to strengthen the 25-year-old treaty’s existing stability, according to a news release.
“This is an opportunity to update and improve an agreement that has tremendously enhanced North America’s competitiveness and has improved the quality of life in all three countries,” chamber President and CEO Glenn Hamer wrote. “Dismantling NAFTA would be terribly disruptive to our deeply integrated supply chains and would inflict unnecessary harm on the U.S. economy, its producers, and its consumers.”
Hamer said that stakeholders have no desire to let talks linger indefinitely. The chamber’s letter suggested that the administration should consider updates in areas comprising customs, e-commerce, energy and infrastructure. In particular, the decades-old agreement needs to be ushered into the digital age, Hamer said.
“We live in a high-speed world, but NAFTA was assembled in a dial-up era,” Hamer said. “Let’s approach this renegotiation as an opportunity to emerge even stronger.”