World Perspectives

Shifting NAFTA Implications; WTO Risks and Reforms; Ailments for Aliments

Shifting NAFTA Implications Trade consultant Dan Pearson notes that the USITC’s analysis (see Gambling Everything; 03 December) of the USMCA could indicate a negative economic impact relative to NAFTA. This outcome is possible due to USMCA’S protectionist provisions such as the rules of origin for automobiles. In that case, President Trump’s threat to cancel NAFTA would be necessary since it would make no agreement worse than the only other option available - USMCA.  The Democrats have historically been more negative toward NAFTA, and so it is notable that incoming House Majority Leader Steny Hoyer (D-Maryland) says that terminating that agreement “would be a big mistake.” If the USMCA is negative relati...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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