Transcripts For CSPAN3 NAFTA Negotiations Expectations 20171

Transcripts For CSPAN3 NAFTA Negotiations Expectations 20171106

But we are opposed to countryspecific rules of origin. General . So, canada always meets the 62. 5 minimum for rules of origin in north america, and very often, as a matter of fact, in like 88 89 of the time, we far exceed even theoretical drafts that have been submitted in terms of made in america content. And the reason for that is and i alluded to it earlier on in the presentation. Its fascinating to watch, especially in southern ontario. They have these enormous trains that come from the u. S. With canadian engines fueled by oil that is refined in texas and sent back up on our east coast, taking metal that came out of the ground, probably in canada, refined in the United States, turning it in canada into stamped bars, rebar, that goes south, where they bend it and pour it into molds, and the train then brings the car back across the border into canada, where they put in the wheel assembly, then it goes back down south where they put in all the cabling and all that kind of stuff, which is laborintensive, and then they by south, i mean the United States then it goes back across the border for the furnishings and the stereo system, which more often than not comes from california. Okay, so, what is the u. S. Content of that car . Its huge. Were still trying to figure out what it is. Because eventually, more often than not, the big Car Companies in canada are owned by who . You. Whos american in the room . Youre yeah, you guys. Absolutely you, sir. And the majority of shareholders are american. So, this is an issue which were watching very closely, but it is in the main a discussion point between our other friends in the main. Well, thank you very much. Merci beaucoup. We appreciate all of the information from our panelists and appreciate the questions and there is obviously a lot of interest as the day goes on. So, thank you. Have a good rest of the day. Thank you. So, youre going to make the logistical announcement . Yes. Today, Georgetown University hosts a forum on the legacy and agenda of former president bill clinton. We will take you to a Panel Discussion featured former white house officials from the clinton administration, live starting at 9 45 a. M. Eastern on cspan2. The house ways and Means Committee begins its work on the republicans tax reform plan today before sending it to the full house for debate and votes. Watch live Coverage Today starting at noon eastern on cspan2 and cspan. Org, and listen live using the free cspan radio app. During tuesdays washington journal, were live in baton rouge, louisiana, as part of the cspan bus 50 capitals tour. Louisiana secretary of state tom schedler will be our guest on the bus during washington journal starting at 9 30 a. M. Eastern. Now to a portion of the Senate Energy and Natural Resources Committee Hearing on oil and gas drilling in the Arctic National wildlife refuge. Lawmakers heard from environmental experts, biologists and representatives from alaska native regional corporations

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