Upgrade with a dab of TPP may be U.S. recipe for NAFTA revampWASHINGTON (Reuters) - Some provisions of the Trans-Pacific Partnership President Donald Trump quit as part of his pledge to protect American workers from “bad trade deals” may still serve to shape a revised NAFTA trade pact, U.S. officials and trade experts say. Trump threatened to ditch the 1994 North American Free Trade Agreement too, but eventually decided to renegotiate the pact in talks with Mexico and Canada due to begin in mid-August. On Monday U.S. Trade Representative Robert Lighthizer will offer first insights into the administration’s strategy when he presents Congress its objectives for the NAFTA negotiations. Several U.S. administration  officials, speaking on condition of anonymity, said the Lighthizer will outline plans for updating NAFTA rather than seek a major overhaul of the agreement. While the administration has said it hopes to complete NAFTA negotiations by the end of the year, the strategy will not set a timeline, they say. Thus far, the Trump administration offered few specifics, other than expressing its desire to modernize the pact to account for digital trade that was in its infancy in the early 1990s and to tackle festering issues on labor, environment, intellectual property rights and state-owned enterprises.    Since those areas have already been addressed in the TPP negotiated under Democratic President Barack Obama and agreed by Canada and Mexico, the pact provides a useful template that could help speed up the NAFTA negotiations, U.S. officials say. They warn, however, that no final decision has been made on using TPP language. TPP requires members, for example, to allow independent unions, set working hours and safety standards and deter forced labor and has set higher environment standards than any other previous U.S. trade deal.  The pact also set a 70-year copyright term and eight years of patent protection for costly biologic drugs, significantly less than the 12 years applied in the United States. Lawmakers from the U.S. industrial heartland particularly want to see enforceable labor standards that would lift Mexico’s chronically low wages, which they blame for U.S. factories migrating south of the border. “A lot of the negotiators were just in the room a few years ago doing this stuff. They know where the bodies are buried,” said one business executive with knowledge of NAFTA deliberations. Some lawmakers want a more ambitious deal than TPP. “Donald Trump promised to get a better deal than TPP, and Americans are going to be deeply disappointed if he doesn’t follow through on NAFTA negotiations,” said Senator Ron Wyden of Oregon, the ranking Democrat on the Senate Finance Committee and an influential voice on trade matters. In particular, Canada and Mexico should be able to agree to U.S. proposals on digital trade and environment that got watered down in the final TPP text, Wyden told Reuters. “This is a once-in-a-generation chance to rewrite NAFTA. Trump can’t squander this opportunity.” The demands the Trump administration makes in the talks  could have far-reaching implications for U.S. trade relations across the globe, with China keen to make inroads with Mexico and Canada if the United States is seen to be pulling back. One area to watch will be the so-called rules of origin that determine how much regional content a product must have to be exempt from tariffs. U.S. Commerce Secretary Wilbur Ross has frequently said NAFTA needed to tighten those rules to prevent China from using the trade bloc as a tariff-free “back door” to the U.S. market. Analysts say any U.S. demands for more specifically U.S. rather than broadly North American content for autos or other manufactured goods would be a tough sell, though Mexico has indicated it could be ready for some concessions to strengthen the region’s defenses against Asian competition. Christopher Padilla, former U.S. under secretary for international trade at the U.S. Commerce Department now at IBM, believes that merely “tweaking” the rules of origin would be enough to satisfy Trump’s political agenda, but it still may require companies to alter their supply chains. The clarion call from U.S. business groups in the lead-up to the talks is “do no harm.” U.S. and international companies have invested hundreds of billions of dollars building integrated North American supply networks and Trump rang alarm bells in corporate boardrooms in April when he threatened to terminate the pact. Trump backed off after a furious lobbying effort, but analysts say he may still choose a “hard exit” if the talks fail to achieve his goal of shrinking the U.S. trade deficit with Mexico. NAFTA has quadrupled trade between the three countries, surpassing $1 trillion in 2015. Over a decade through to 2010, however, the United States lost nearly 6 million manufacturing jobs, a figure that resonates with Trump. U.S. trade balance with Mexico also swung from a small surplus in 1994 to deficits that have exceeded $60 billion for most of the past decade. (Graphic:tmsnrt.rs/2oYClp2) Fred Bergsten, a senior fellow at the Peterson Institute for International Economics, said the administration would risk derailing the talks if it focused on reducing the trade imbalance with Mexico, like it has threatened to do. “We’re talking about an imbalance of $60 billion and there is no way under the sun that Mexico can eliminate that or even make a big dent in that without doing some really massive uneconomic distortion of trade flows.” politicsNews
upgrade dab tpp may recipe bafta revampwashington reuters some provisions partnership president donald trump quit part pledge protect american workers bad trade deals may still serve shape revised bafta trade pact officials trade experts say trump threatened ditch north american free trade agreement eventually decided negotiate pact talks mexico canada due begin on monday trade representative robert lighthizer offer first insights administration strategy presents congress objectives bafta negotiations several administration officials speaking condition anonymity said lighthizer outline plans updating bafta rather seek major overhaul agreement while administration said hopes complete bafta negotiations end year strategy set timeline say thus far trump administration offered specifics expressing desire modernize pact account digital trade infancy early tackle fostering issues labor environment intellectual property rights enterprises since areas already addressed tpp negotiated democratic president barack obama agreed canada mexico pact provides useful template could help speed bafta negotiations officials say they warn however final decision made using tpp language tpp requires members example allow independent unions set working hours safety standards deter forced labor set higher environment standards previous trade deal the pact also set copyright term eight years patent protection costly biology drugs significantly less years applied united states lawmakers industrial heartland particularly want see enforceable labor standards would lift mexico chronically low wages blame factories migrating south border a lot negotiators room years ago stuff they know bodies buried said one business executive knowledge bafta deliberations some lawmakers want ambitious deal tpp donald trump promised get better deal tpp americans going deeply disappointed follow bafta negotiations said senator ron widen oregon ranking democrat senate finance committee influential voice trade matters in particular canada mexico able agree proposals digital trade environment got watered final tpp text widen told reuters this chance rewrite bafta trump slander the demands trump administration makes talks could implications trade relations across globe china keen make inroads mexico canada united states seen pulling back one area watch rules origin determine much regional content product must exempt tariffs commerce secretary wilbur ross frequently said bafta needed tighten rules prevent china using trade bloc back door market analysts say demands specifically rather broadly north american content autos manufactured goods would tough sell though mexico indicated could ready concessions strengthen region defenses asian competition christopher vanilla former secretary international trade commerce department ibm believes merely tweaking rules origin would enough satisfy trump political agenda still may require companies alter supply chains the clarin call business groups talks international companies invested hundreds billions dollars building integrated north american supply networks trump rang alarm bells corporate boardroom april threatened terminate pact trump backed furious lobbying effort analysts say may still choose hard exit talks fail achieve goal shrinking trade deficit mexico bafta quadruple trade three countries surpassing trillion over decade however united states lost nearly million manufacturing jobs figure resonate trump trade balance mexico also swung small surplus deficits exceeded billion past decade graphic fred bergen senior fellow peterson institute international economics said administration would risk detailing talks focused reducing trade imbalance mexico like threatened we talking imbalance billion way sun mexico eliminate even make big dent without really massive economic distortion trade politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Upgrade with a dab of TPP may be U.S. recipe for NAFTA revampWASHINGTON (Reuters) - Some provisions of the Trans-Pacific Partnership President Donald Trump quit as part of his pledge to protect American workers from “bad trade deals” may still serve to shape a revised NAFTA trade pact, U.S. officials and trade experts say. Trump threatened to ditch the 1994 North American Free Trade Agreement too, but eventually decided to renegotiate the pact in talks with Mexico and Canada due to begin in mid-August. On Monday U.S. Trade Representative Robert Lighthizer will offer first insights into the administration’s strategy when he presents Congress its objectives for the NAFTA negotiations. Several U.S. administration  officials, speaking on condition of anonymity, said the Lighthizer will outline plans for updating NAFTA rather than seek a major overhaul of the agreement. While the administration has said it hopes to complete NAFTA negotiations by the end of the year, the strategy will not set a timeline, they say. Thus far, the Trump administration offered few specifics, other than expressing its desire to modernize the pact to account for digital trade that was in its infancy in the early 1990s and to tackle festering issues on labor, environment, intellectual property rights and state-owned enterprises.    Since those areas have already been addressed in the TPP negotiated under Democratic President Barack Obama and agreed by Canada and Mexico, the pact provides a useful template that could help speed up the NAFTA negotiations, U.S. officials say. They warn, however, that no final decision has been made on using TPP language. TPP requires members, for example, to allow independent unions, set working hours and safety standards and deter forced labor and has set higher environment standards than any other previous U.S. trade deal.  The pact also set a 70-year copyright term and eight years of patent protection for costly biologic drugs, significantly less than the 12 years applied in the United States. Lawmakers from the U.S. industrial heartland particularly want to see enforceable labor standards that would lift Mexico’s chronically low wages, which they blame for U.S. factories migrating south of the border. “A lot of the negotiators were just in the room a few years ago doing this stuff. They know where the bodies are buried,” said one business executive with knowledge of NAFTA deliberations. Some lawmakers want a more ambitious deal than TPP. “Donald Trump promised to get a better deal than TPP, and Americans are going to be deeply disappointed if he doesn’t follow through on NAFTA negotiations,” said Senator Ron Wyden of Oregon, the ranking Democrat on the Senate Finance Committee and an influential voice on trade matters. In particular, Canada and Mexico should be able to agree to U.S. proposals on digital trade and environment that got watered down in the final TPP text, Wyden told Reuters. “This is a once-in-a-generation chance to rewrite NAFTA. Trump can’t squander this opportunity.” The demands the Trump administration makes in the talks  could have far-reaching implications for U.S. trade relations across the globe, with China keen to make inroads with Mexico and Canada if the United States is seen to be pulling back. One area to watch will be the so-called rules of origin that determine how much regional content a product must have to be exempt from tariffs. U.S. Commerce Secretary Wilbur Ross has frequently said NAFTA needed to tighten those rules to prevent China from using the trade bloc as a tariff-free “back door” to the U.S. market. Analysts say any U.S. demands for more specifically U.S. rather than broadly North American content for autos or other manufactured goods would be a tough sell, though Mexico has indicated it could be ready for some concessions to strengthen the region’s defenses against Asian competition. Christopher Padilla, former U.S. under secretary for international trade at the U.S. Commerce Department now at IBM, believes that merely “tweaking” the rules of origin would be enough to satisfy Trump’s political agenda, but it still may require companies to alter their supply chains. The clarion call from U.S. business groups in the lead-up to the talks is “do no harm.” U.S. and international companies have invested hundreds of billions of dollars building integrated North American supply networks and Trump rang alarm bells in corporate boardrooms in April when he threatened to terminate the pact. Trump backed off after a furious lobbying effort, but analysts say he may still choose a “hard exit” if the talks fail to achieve his goal of shrinking the U.S. trade deficit with Mexico. NAFTA has quadrupled trade between the three countries, surpassing $1 trillion in 2015. Over a decade through to 2010, however, the United States lost nearly 6 million manufacturing jobs, a figure that resonates with Trump. U.S. trade balance with Mexico also swung from a small surplus in 1994 to deficits that have exceeded $60 billion for most of the past decade. (Graphic:tmsnrt.rs/2oYClp2) Fred Bergsten, a senior fellow at the Peterson Institute for International Economics, said the administration would risk derailing the talks if it focused on reducing the trade imbalance with Mexico, like it has threatened to do. “We’re talking about an imbalance of $60 billion and there is no way under the sun that Mexico can eliminate that or even make a big dent in that without doing some really massive uneconomic distortion of trade flows.” politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: upgrade dab tpp may recipe bafta revampwashington reuters some provisions partnership president donald trump quit part pledge protect american workers bad trade deals may still serve shape revised bafta trade pact officials trade experts say trump threatened ditch north american free trade agreement eventually decided negotiate pact talks mexico canada due begin on monday trade representative robert lighthizer offer first insights administration strategy presents congress objectives bafta negotiations several administration officials speaking condition anonymity said lighthizer outline plans updating bafta rather seek major overhaul agreement while administration said hopes complete bafta negotiations end year strategy set timeline say thus far trump administration offered specifics expressing desire modernize pact account digital trade infancy early tackle fostering issues labor environment intellectual property rights enterprises since areas already addressed tpp negotiated democratic president barack obama agreed canada mexico pact provides useful template could help speed bafta negotiations officials say they warn however final decision made using tpp language tpp requires members example allow independent unions set working hours safety standards deter forced labor set higher environment standards previous trade deal the pact also set copyright term eight years patent protection costly biology drugs significantly less years applied united states lawmakers industrial heartland particularly want see enforceable labor standards would lift mexico chronically low wages blame factories migrating south border a lot negotiators room years ago stuff they know bodies buried said one business executive knowledge bafta deliberations some lawmakers want ambitious deal tpp donald trump promised get better deal tpp americans going deeply disappointed follow bafta negotiations said senator ron widen oregon ranking democrat senate finance committee influential voice trade matters in particular canada mexico able agree proposals digital trade environment got watered final tpp text widen told reuters this chance rewrite bafta trump slander the demands trump administration makes talks could implications trade relations across globe china keen make inroads mexico canada united states seen pulling back one area watch rules origin determine much regional content product must exempt tariffs commerce secretary wilbur ross frequently said bafta needed tighten rules prevent china using trade bloc back door market analysts say demands specifically rather broadly north american content autos manufactured goods would tough sell though mexico indicated could ready concessions strengthen region defenses asian competition christopher vanilla former secretary international trade commerce department ibm believes merely tweaking rules origin would enough satisfy trump political agenda still may require companies alter supply chains the clarin call business groups talks international companies invested hundreds billions dollars building integrated north american supply networks trump rang alarm bells corporate boardroom april threatened terminate pact trump backed furious lobbying effort analysts say may still choose hard exit talks fail achieve goal shrinking trade deficit mexico bafta quadruple trade three countries surpassing trillion over decade however united states lost nearly million manufacturing jobs figure resonate trump trade balance mexico also swung small surplus deficits exceeded billion past decade graphic fred bergen senior fellow peterson institute international economics said administration would risk detailing talks focused reducing trade imbalance mexico like threatened we talking imbalance billion way sun mexico eliminate even make big dent without really massive economic distortion trade politicsnews