John D. Negroponte: “In the absence of such international recognition and legal certainty, U.S. companies are unlikely to secure the…”

I think some of the changes, the new concepts that were introduced to the Trans-Pacific Partnership... ought to also be introduced into the NAFTA discussion.

In the absence of such international recognition and legal certainty, U.S. companies are unlikely to secure the necessary financing and insurance to exploit energy resources on the extended shelf.

These are not academic or philosophical points, but real world examples.

NAFTA's modernization is both necessary and important.