Lawyer Dan Ujczo Quoted in the CTV News Article, “Symbolic NAFTA Win Possible, but Hard Work Nowhere Near Done: Trade Insiders”
- Ujczo, Daniel D.
- Media Mentions
Columbus Lawyer Dan Ujczo was quoted in the CTV News article, “Symbolic NAFTA Win Possible, but Hard Work Nowhere Near Done: Trade Insiders”
Trade insiders say a token win on NAFTA may soon be possible -- but the substantive work is nowhere near complete. A report by Bloomberg this week said the White House wants leaders from Canada and Mexico to announce the broad outlines of an updated North American Free Trade Agreement during next week's Summit of the Americas in Peru. U.S. trade expert Dan Ujczo said he's heard a "handshake" deal could be announced as early as mid-April as a way to calm market movements and political rhetoric surrounding NAFTA, particularly with U.S. and Mexican elections on the horizon. "An 'agreement in principle' is the only way to get a political win at this stage," Dan wrote in an email. "It provides cover to everyone to proclaim victory while still leaving the window open for people unhappy with the proposed deal to make changes." He said a full agreement would be problematic at this point anyway because it would turn the deal into an election issue. "Best now to turn down the temperature and let NAFTA simmer through 2018," Mr. Ujczo said.
To read the full article, please click here.
Trade insiders say a token win on NAFTA may soon be possible -- but the substantive work is nowhere near complete. A report by Bloomberg this week said the White House wants leaders from Canada and Mexico to announce the broad outlines of an updated North American Free Trade Agreement during next week's Summit of the Americas in Peru. U.S. trade expert Dan Ujczo said he's heard a "handshake" deal could be announced as early as mid-April as a way to calm market movements and political rhetoric surrounding NAFTA, particularly with U.S. and Mexican elections on the horizon. "An 'agreement in principle' is the only way to get a political win at this stage," Dan wrote in an email. "It provides cover to everyone to proclaim victory while still leaving the window open for people unhappy with the proposed deal to make changes." He said a full agreement would be problematic at this point anyway because it would turn the deal into an election issue. "Best now to turn down the temperature and let NAFTA simmer through 2018," Mr. Ujczo said.
To read the full article, please click here.
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Daniel Ujczo
Of Counsel and Cross Border (Canada - U.S.) Practice Group Chair
Columbus
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