The United States wants to include a chapter on the digital economy in the NAFTA deal

The US government has set out its priorities in the upcoming renegotiation of the North American Free Trade Agreement (NAFTA), the World Agencies have reported. US Trade Representative Robert Lightheiser presented late last night a 18-page report outlining Washington's goals in renegotiating NAFTA with Canada and Mexico. Along with a reduction in the trade deficit, the administration wants to include a chapter on the digital economy in the deal as well as to strengthen labor market and environmental protection obligations.

There are also amendments to the indications of origin on the agenda. It will also seek to remove barriers to US investment and prevent currency manipulation by Canada and Mexico.

In a document sent to Congress, Lightheiser said the administration would seek to eliminate the unfair subsidies and practices that distort the market, Reuters said. "Too many Americans have suffered because of closed factories, outsourced jobs and broken political promises," he said in a statement. The government informed Congress in May of plans to renegotiate NAFTA. According to the procedure, lawmakers can reject a new agreement but not propose amendments. The new objectives in the NAFTA negotiations are a necessary requirement for negotiations to begin in the next 30 days. They are also the first signal of the precise intentions of Donald Trump's administration, which has made great promises of changes in trade. Negotiations with Canada and Mexico are scheduled to begin on August 16, the DPA said. The president pledged to rebuild American jobs in the industry and raise wages through new trade agreements. NAFTA supporters, however, note that the deal allows companies to offer lower prices for a wide range of automotive products to vacuum cleaners, helping many US consumers. The head of state says he is just looking for fair conditions for US companies and workers, but would also accept "if the conditions are a little to our advantage," AP reminds. In 2016, the US had a trade deficit of nearly 8 billion with Canada and a 63 billion deficit in trade in goods and services with Mexico. Trade between NAFTA parties is estimated at over 1.2 trillion. Dollar.