"These chapters are important and provide further evidence that all three countries want to upgrade and modernise NAFTA", said US Trade Representative Robert Lighthizer.
"NAFTA has given chemical producers confidence to invest by providing certainty that increased volumes of USA chemical and plastic products will be tariff-free for our NAFTA partners", said Emily Sanchez, director of economics and data analytics at ACC, and one of the lead authors of the report.
"But it could be a part of NAFTA".
NAFTA - which went into effect in 1994 and is now being renegotiated by U.S. Trade Representative (USTR) Robert Lighthizer - eliminated most tariffs on trade between the U.S., Canada, and Mexico.
Not only is Prime Minister Justin Trudeau going to be in Regina on Thursday, but he will be back on the 14th as well. The loonie versus the tariffs While North Korea's nuclear capabilities and threats to blow the USA off the map are very real, they don't pay anyone's salary or feed families.
That theory was bolstered this week when the threat of tariffs was dangled over the negotiating table. Trump is threatening to announce them within a week, in the thick of a congressional election in the steel-producing state of Pennsylvania that Republicans fear losing.
He also said that in a meeting in Washington last week, in which he met Commerce Secretary Wilbur Ross, he told the USA official that Mexico should not be included in the proposed tariffs.
Skeptics will note, at this rate, no deal will be reached until at least 2019.
Scheer also said his party is very concerned about the status of NAFTA negotiations and while he says any Canadian government would be challenged to deal with the Trump administration, the Liberals could have eased some anxieties by putting contingencies in the recent budget in the case NAFTA talks go badly.
"That discussion has been constructive and it continued here in Mexico City". NAFTA, which is under renegotiation right now, has been a bad deal for United States of America.
Lighthizer expressed an unprecedented urgency to get a deal. The low-priced feedstocks, together with tariff relief provided by NAFTA, have helped position the U.S.as a leading global supplier of chemicals.
But he also referred obliquely to a fourth concern looming in the political backdrop.
With so much uncertainty surrounding these tariffs-which could have long-lasting impacts on economies around the world-and more industry experts coming out against the current proposal, investors might expect stocks to have dipped across the board.
Lighthizer didn't put it that explicitly.
Hasenfratz reiterated her support of the NAFTA agreement, and encouraged the Canadian, American and Mexican governments to remain committed to the free trade deal going forward.
"Now our time is running very short", Lighthizer said at a press conference, standing next to his counterparts from Mexico and Canada.