Friend, Earlier this week, U.S. House Democrats announced they had reached an agreement with the administration on a redo of the revised NAFTA deal that President Donald Trump signed last year. Join our emergency briefing on the status of the revised NAFTA on Monday, Dec. 16, at 3:30 p.m. Eastern. RSVP for the call now to learn more about the agreement and where we go from here. Trump betrayed his promise to renegotiate NAFTA to make it better for working people. The deal he signed last year made NAFTA even worse by adding new monopoly powers for pharmaceutical corporations to charge consumers more. Thanks to your tireless activism and the efforts of congressional Democrats, unions and consumer groups, the redo of Trump’s 2018 NAFTA 2.0 is better than the original NAFTA and could improve peoples’ lives, although it still includes problematic terms. The new deal eliminates the Big Pharma giveaways that would have locked in high drug prices. And last year we achieved getting NAFTA’s Investor-State Dispute Settlement regime largely removed. The new deal includes some important improvements in labor standards and enforcement that over time could make a real difference in Mexican wage levels and thus reduce incentives for U.S. companies to outsource jobs. It also has some marginal improvements in environmental standards. The changes you and Public Citizen and our entire coalition forced Trump to make mean this final deal could counter some of NAFTA’s ongoing damage to working people and the environment. Although many NAFTA flaws were not fixed, unfortunately the alternative is status quo NAFTA, not a more improved deal. Given that NAFTA is in effect and doing more damage every week, what we consider an improvement to the existing NAFTA is not the same as negotiating a truly progressive trade agreement from scratch. That would additionally require climate provisions, truly enforceable currency disciplines and the elimination of limits on consumer protections for food and product safety, the service sector and online platforms. Let me be clear: While the new NAFTA is better than the original NAFTA – and far better than the deal Trump signed last year – it is not an acceptable template for future agreements. It establishes the floor from which we will continue to advocate a new model of trade and globalization that puts people and the planet first. Learn more at Monday’s emergency briefing call on the new NAFTA. RSVP for instructions to join the briefing by computer or phone. Thank you for all you’ve done in this three-year-long campaign. In solidarity, Lori Wallach Director of Public Citizen’s Global Trade Watch |