Analysis of the NAFTA 2.0 Text Relative to the Essential Changes We Have Demanded to Stop NAFTA’s Ongoing Damage
By Public Citizen's Global Trade Watch
Text of a revised North American Free Trade Agreement (NAFTA) was published on September 30, 2018 following a year of renegotiation talks. This overview analysis measures the NAFTA 2.0 text against changes Public Citizen has long demanded that are necessary to stop NAFTA’s ongoing damage. Almost one million American jobs have been government-certified as lost to NAFTA, with more outsourced to Mexico every week. New NAFTA Investor-State Dispute Settlement (ISDS) attacks on environmental and health policies are regularly filed after $392 million has been seized from taxpayers by corporations using NAFTA’s ISDS regime.
The NAFTA 2.0 text includes some improvements we have long demanded, as well as the addition of damaging terms we have long opposed in other pacts. It also reveals that more work is needed, especially with respect to ensuring the swift and certain enforcement of labor standards and environmental standards.