The Future Of The North American Free Trade Agreement
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Subcommittee on Terrorism, Nonproliferation, and Trade of the Committee on Foreign Affairs House of
Author : Subcommittee on Terrorism, Nonproliferation, and Trade of the Committee on Foreign Affairs House of Publisher : Createspace Independent Publishing Platform Page : 66 pages File Size : 54,9 Mb Release : 2018-01-29 Category : Electronic ISBN : 1984290924
The Future of the North American Free Trade Agreement by Subcommittee on Terrorism, Nonproliferation, and Trade of the Committee on Foreign Affairs House of Pdf
Twenty-three years ago, the North American Free Trade Agreement revolutionized trade and investment between the U.S., Canada, and Mexico. We share thousands of miles of border with Canada and Mexico. They are our neighbors and our natural partners in trade and security. America's strength is closely connected to its economic well-being. When we break down trade barriers, American trade and American jobs increase. Trade is the lifeblood of [the] State of Texas. Last year in Texas, almost 1 million jobs were supported by some form of trade. Texas has been the top exporting State in the United States for 14 consecutive years. The overwhelming majority of Texas exporters are not big corporations, but 93 percent of the Texas exporters are small and medium-size businesses. In my district of Houston, over half of the economy depends on trade. Houston has one of the largest ports in the world and is the oil and gas capital of the world. Mexico is Texas' number-one exporting partner. Over 10,000 trucks a day pass the Texas-Mexico border, all involved in trade. Texas is just one of the many States that rely on NAFTA to fuel the economy. Study after study have shown that increased trade leads to increased jobs for all Americans. More jobs mean more wealth for Americans. NAFTA supports 14 million jobs in the United States, and, thanks to NAFTA, trade between the U.S., Mexico, and Canada has tripled. Nearly every industry is affected in one way or another by NAFTA. The U.S. economy relies on NAFTA.
Michael Hart,Centre for Trade Policy and Law,Institute for Research on Public Policy
Author : Michael Hart,Centre for Trade Policy and Law,Institute for Research on Public Policy Publisher : IRPP Page : 164 pages File Size : 52,6 Mb Release : 1990 Category : Business & Economics ISBN : 0886451140
A North American Free Trade Agreement by Michael Hart,Centre for Trade Policy and Law,Institute for Research on Public Policy Pdf
This document discusses the challenge from Mexico, the North American trade regime, North American trade and investment patterns, and issues and options for the future. It also examines what is involved in a tripartite agreement.
An Introduction to the United States-Mexico-Canada Agreement by David A. Gantz Pdf
The United States-Mexico-Canada Agreement (USMCA), a modified and modernized version of the North American Free Trade Agreement (NAFTA), will continue to govern most economic relationships in North America, including the more than $1.3 trillion in annual regional trade in goods and services, for the foreseeable future. This book provides a detailed analysis and critique of the provisions of the USMCA and the USMCA’s relation to NAFTA. It is designed to assist lawyers and non-lawyers alike, including law, economics and public policy scholars, business professionals and governmental officials who require an understanding of one of the world’s most economically and politically significant regional trade agreements.
The North American Free Trade Agreement (NAFTA) was bold and controversial from the start. When first conceived, it was far from obvious that it would be possible given the circumstances of the times. Drawing from a December 2013 Hoover Institution conference on "NAFTA at 20," this book brings together distinguished academics who have studied the effects of NAFTA with high-level policy makers to present a comprehensive view of the North American Free Trade Agreement. It looks at the conception, creation, outcomes so far, and the future of NAFTA from the perspective of economists, historians, and the aforementioned policy makers in the words of those who actually participated in the negotiations and research. In the context of the fundamental economic and political transformation of North America, they discuss the trade, real wage, and welfare gains that NAFTA has produced for the United States, Mexico, and Canada, along with a review of the major energy markets within and among the three countries. They include lessons from NAFTA for the future, both for NAFTA itself and for other trade agreements, and stress the importance of political leadership and providing information on the benefits of trade liberalization to voters and potentially ill-informed politicians who hear most loudly from the opponents.
The Future of North American Integration by Peter Hakim,Robert E. Litan Pdf
When it came into force in 1994, the North American Free Trade Agreement (NAFTA) joined the economic futures of Canada, Mexico, and the United States, with systematic rules governing trade and investment, dispute resolution, and economic relations. However, economic integration among the three countries extends considerably beyond trade and investment. The NAFTA agreement takes a very narrow view of integration, barely addressing such vital issues as immigration policy and labor markets, the energy sector, environmental protection, and law enforcement. The governments of Canada, Mexico, and the United States now must confront the question of whether NAFTA is enough. Do they want to keep their trilateral relationship focused on economic matters or are they interested in integrating more deeply—perhaps initiating a process to build a North American Community similar to the European Union? This volume contains thoughtful discussions about the future of North America by knowledgeable experts from each of the three countries. Robert Pastor has written one of the more comprehensive books on the subject, Toward a North American Community (Institute for International Economics, 2001). Andrés Rozental is an ambassador at large for Mexico and president of Consejo Mexicano de Asuntos Internationacionales, the country's leading foreign policy association in Mexico. Perrin Beatty is a former foreign minister of Canada and currently the president and CEO of the Canadian Manufacturers and Exporters. The governments of Canada, the United States, and Mexico face thorny challenges as they decide whether and how to accelerate smooth, and institutionalize the integration process. Pastor, Rozenthal, and Beatty encourage greater dialogue among the three governments and their citizens, as well as more systematic thinking among policymakers and citizens about the promise and challenges of further North American integration. This volume considers the promise and challenges o
North American Free Trade by Nora Claudia Lustig,Barry P. Bosworth,Robert Z. Lawrence Pdf
The proposed North American Free Trade Agreement (NAFTA) represents a historic change in relations among Canada, Mexico, and the United States. The effect of the agreement on the three economies has generated controversy and some degree of alarm within each country. In this book, noted trade and development experts review the available literature on the effects of NAFTA on the three member countries and the world trading system. They evaluate how NAFTA will affect areas such as economic growth, employment, income distribution, industry, and agriculture in Canada, Mexico, and the United States; and consider the significance the trade agreement holds for the rest of the world. Drusill K. Brown begins the discussion by providing an overview and comparison of the general results from recent studies. Raúl Hinojosa-Ojeda and Sherman Robinson explore in greater detail the potential effects of NAFTA on wages and employment in Mexico and the United States. Sidney Wintrab reviews industry-specific effects of NAFTA, in particular, the environment, the social agenda, and human rights and democracy. Finally, Carlos Alberto Primo Braga considers the implications of NAFTA on the rest of the world. Following each of these chapters, international scholars assess the alternatives and provide recommendations for future research.
North American Free Trade Agreement by Khosrow Fatemi Pdf
This book is a collection of timely and detailed articles on the North American Free Trade Agreement written by experts in the field who examine the Canadian, US and Mexican points of view. The scholars provide an overview as well as their insights of how NAFTA impacts on macroeconomic issues, national perspectives and bilateral issues, cross-border and industry-specific issues and the environment. This book serves as an excellent primary source of information on many of the significant aspects of NAFTA.
Author : William A. Orme Publisher : University of Texas Press Page : 374 pages File Size : 42,8 Mb Release : 1996 Category : Political Science ISBN : 0292760469
"Very readable book written during height of NAFTA debate. Remains a valuable resource for discussing impact of the trade agreement in Mexico and US"--Handbook of Latin American Studies, v. 57.
Report of the Services Policy Advisory Committee for Trade on the North American Free Trade Agreement by United States. Services Policy Advisory Committee Pdf
The North American Free Trade Agreement (NAFTA) by M. Villarreal,Ian F. Fergusson Pdf
The North American Free Trade Agreement (NAFTA) entered into force on January 1, 1994. The agreement was signed by President George H. W. Bush on December 17, 1992, and approved by Congress on November 20, 1993. The NAFTA Implementation Act was signed into law by President William J. Clinton on December 8, 1993 (P.L. 103-182). The overall economic impact of NAFTA is difficult to measure since trade and investment trends are influenced by numerous other economic variables, such as economic growth, inflation, and currency fluctuations. The agreement likely accelerated and also locked in trade liberalization that was already taking place in Mexico, but many of these changes may have taken place without an agreement. Nevertheless, NAFTA is significant, because it was the most comprehensive free trade agreement (FTA) negotiated at the time and contained several groundbreaking provisions. A legacy of the agreement is that it has served as a template or model for the new generation of FTAs that the United States later negotiated, and it also served as a template for certain provisions in multilateral trade negotiations as part of the Uruguay Round. The 115th Congress faces numerous issues related to NAFTA and international trade. President Donald J. Trump has proposed renegotiating NAFTA, or possibly withdrawing from it. Congress may wish to consider the ramifications of renegotiating or withdrawing from NAFTA and how it may affect the U.S. economy and foreign relations with Mexico and Canada. It may also wish to examine the congressional role in a possible renegotiation, as well as the negotiating positions of Canada and Mexico. Mexico has stated that, if NAFTA is reopened, it may seek to broaden negotiations to include security, counter-narcotics, and transmigration issues. Mexico has also indicated that it may choose to withdraw from the agreement if the negotiations are not favorable to the country. Congress may also wish to address issues related to the U.S. withdrawal from the proposed Trans-Pacific Partnership (TPP) free trade agreement among the United States, Canada, Mexico, and 9 other countries. Some observers contend that the withdrawal from TPP could damage U.S. competitiveness and economic leadership in the region, while others see the withdrawal as a way to prevent lower cost imports and potential job losses. Key provisions in TPP may also be addressed in 'modernizing' or renegotiating NAFTA, a more than two decade-old FTA. NAFTA was controversial when first proposed, mostly because it was the first FTA involving two wealthy, developed countries and a developing country. The political debate surrounding the agreement was divisive with proponents arguing that the agreement would help generate thousands of jobs and reduce income disparity in the region, while opponents warned that the agreement would cause huge job losses in the United States as companies moved production to Mexico to lower costs. In reality, NAFTA did not cause the huge job losses feared by the critics or the large economic gains predicted by supporters. The net overall effect of NAFTA on the U.S. economy appears to have been relatively modest, primarily because trade with Canada and Mexico accounts for a small percentage of U.S. GDP. However, there were worker and firm adjustment costs as the three countries adjusted to more open trade and investment. The rising number of bilateral and regional trade agreements throughout the world and the rising presence of China in Latin America could have implications for U.S. trade policy with its NAFTA partners. Some proponents of open and rules-based trade contend that maintaining NAFTA or deepening economic relations with Canada and Mexico will help promote a common trade agenda with shared values and generate economic growth. Some opponents argue that the agreement has caused worker displacement.
Negotiating and Implementing a North American Free Trade Agreement by Fraser Institute (Vancouver, B.C.),University of Toronto. Centre for International Studies Pdf
The North American Free Trade Agreement by Marc Grezlikowski Pdf
Seminar paper from the year 2007 in the subject Politics - International Politics - Region: USA, grade: 2,3, Free University of Berlin, language: English, abstract: In the wake of globalization, many countries are reducing trade barriers and tariffs, resulting in a rise of free-trade areas in which the participating countries trade freely among each other without any restrictions. The goal of these agreements is the increase of wealth in each nation's economy. To reach this goal, the USA, Canada and Mexico negotiated the North American Free Trade Agreement (NAFTA) which came into effect on January, 1st 1994. It was the world's largest free-trade area with a combined population of over 360m people and a total GDP of 6$ trillion. Today, the NAFTA area comprises a 12.5$ trillion economy and a 430m strong population. For the first time, two highly industrialized, rich countries affiliated themselves with a poorer, newly industrialized country. At the time of its ratification, the agreement was extremely controversial in all three member states and opinions in political camps differed vastly. Supporters of the contract were mostly big companies and investors who were hoping that it would loosen restrictions and barriers on the capital market. Opponents of the agreement were trade unions which, especially in the United States, railed heavily against it. They feared outsourcing and massive job displacements to Mexico, a country in which labor is incredibly cheap and environment protection laws are lax or do not even exist. In Mexico, landowners were skeptical of NAFTA because they feared unfair competition with US-American farmers who are still to this day greatly subsidized by the government.
The Political Economy of North American Free Trade by Ricardo Grinspun,Maxwell A. Cameron Pdf
Analyzes the economic, social, political and environmental implications of NAFTA from a range of critical perspectives. The chapters, unified by a sceptical view of the management of economic integration in North America cover the economic strategy of Mexico, Canada-US trade agreement and more.
