By Mark Rhoads, Missouri Energy Forum
Negotiators are preparing for the third round of renegotiation for the North American Free Trade Agreement (NAFTA). Maintaining the U.S. stable supply of fuel needs to and from our neighbors in Canada and Mexico directly impacts economic growth in America. NAFTA’s important zero tariff, liberalization and market access generate job growth and stimulates even more economic activity in areas such as construction and manufacturing.
One important issue at stake is a strong investor-state dispute settlement (ISDS) that extends private property protections already found in the U.S. Constitution and U.S. law. ISDS protections are important to millions of small, medium and large companies and more than 100 associations, including AIM, are teaming up to encourage the Trump administration to maintain these vital provisions during renegotiation of NAFTA.
NAFTA has supported an integrated and interdependent North American energy market that enhances energy security, creates jobs, provides for consumer savings and increases global demand for U.S. energy products.