Canada well-positioned for USMCA review despite U.S. leverage, former negotiator argues
By
Andrei Sulzenko
A respectable bake. You'd come back tomorrow for another.
Summary
Andrei Sulzenko, a former principal negotiator of the Canada-U.S. Free Trade Agreement, argues that Canada has nothing to fear from the upcoming USMCA review on July 1. While the U.S. appears to hold leverage due to the mandatory review provision unique to this trade deal, the author contends that the U.S. needs a political win and both Canada and Mexico have time to negotiate effectively. The article suggests that the review will not result in a simple 16-year extension and that Canada is well-positioned to navigate the process.
Key quotes
· 3 pulledThe USMCA is the only trade deal negotiated by the U.S. that has such a mandatory review provision.
On the surface, it may look bleak for Canada and Mexico, who are under the alleged 'holds all the cards' leverage of the U.S.
The U.S. needs a political win, and both Canada and Mexico have the time to negotiate
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