On Monday, June 4th, US and Canadian officials signed a memorandum of understanding promoting the Regulatory Cooperation Council (RCC). The RCC was established in 2011 to streamline regulation between the US and Canada in order to encourage economic competitiveness as well as high health, safety, and environmental standards. This MOU reaffirms the mission of the RCC and lays a foundation for its future growth. The RCC is an excellent example of US-Canadian economic cooperation, which is crucial for two nations who trade CAD $2.5 billion in goods and services over their border every day.
In NAFTA news, all parties have agreed to continue negotiations, despite slow progress and little hope of a deal before 2019. No date has been set for the next round of talks, but they will likely resume after the Mexican presidential election on July 1st.
Winning 2026 World Cup bid shows the virtues of NAFTA - USA Today
NAFTA talks to continue in tense atmosphere as US also prepares new tariffs for China - CNBC
Contributions by Zack Tarhouni, PNWER Intern