Letters

NAFTA Modernization – Expanding Trade and Investment Opportunities for the Financial Services Sector

Summary

SIFMA provided comment to the Honorable Robert Lighthize on the President’s efforts to modernize the North American Free Trade Agreement (NAFTA) and believe there are several issues in the financial services sector that will improve the rules that govern the trilateral relationship. Canada and Mexico are important export markets for American financial services firms, as evidenced by the U.S.’s $4.3 billion surplus in trade in financial services with Canada, and a $1.1 billion surplus in trade in financial services with Mexico. Expanding trade and investment opportunities for the financial services sector in the NAFTA renegotiation would have a positive multiplier effect on economic activity across all industries, allowing financial intermediaries to provide capital to manufacturers, agriculture producers, and others.

See also:
Request for Comments on Negotiating Objectives Regarding Modernization of the North American Free Trade Agreement With Canada and Mexico

PDF

Submitted To

Honorable Robert Lighthizer

Submitted By

SIFMA

Committee

International Policy Committee

Date

12

June

2017