The Potential Impact Of The North American Free Trade Agreement On International Trade In Banking Services

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International Trade in Financial Services:The NAFTA Provisions

Author : K. Schefer
Publisher : Springer
Page : 488 pages
File Size : 49,5 Mb
Release : 1999
Category : Law
ISBN : UCSD:31822029808805

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International Trade in Financial Services:The NAFTA Provisions by K. Schefer Pdf

This book examines the new and rapidly developing area of law relating to trade in financial services, with a particular focus on the rules contained in Chapter 14 of the North American Free Trade Agreement (NAFTA). After a detailed analysis of the relevant provisions and their effect on financial institutions in Canada, Mexico, and the United States, the author examines the impact of the NAFTA rules on the legal position of banks operating in countries outside NAFTA, particularly in the context of the WTO financial services provisions. The book concludes with a chapter on the effects of a potential NAFTA expansion. The book aims to contribute to the development of a new legal and regulatory framework distinct from those of trade and financial services law, and offers a valuable insight into how trade in financial services within a regional trade agreement develops its own legal dynamic. Although the financial services provisions are seen as the cornerstone of NAFTA, until now there has been very little in-depth analysis of these provisions, or of the effects on those not party to NAFTA, in the literature in general. This book's unique approach will make it of considerable interest to practitioners and researchers in international banking, trade and economic law.

Methodology for Impact Assessment of Free Trade Agreements

Author : Michael G. Plummer,David Cheong,Shintaro Hamanaka
Publisher : Asian Development Bank
Page : 194 pages
File Size : 41,8 Mb
Release : 2011-02-01
Category : Political Science
ISBN : 9789290921974

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Methodology for Impact Assessment of Free Trade Agreements by Michael G. Plummer,David Cheong,Shintaro Hamanaka Pdf

This publication displays the menu for choice of available methods to evaluate the impact of Free Trade Agreements (FTAs). It caters mainly to policy makers from developing countries and aims to equip them with some economic knowledge and techniques that will enable them to conduct their own economic evaluation studies on existing or future FTAs, or to critically re-examine the results of impact assessment studies conducted by others, at the very least.

Financial services in the trading system

Author : Eric Miller
Publisher : BID-INTAL
Page : 38 pages
File Size : 41,8 Mb
Release : 1999
Category : Financial institutions, International
ISBN : 9789507380839

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Financial services in the trading system by Eric Miller Pdf

The North American Free Trade Agreement (NAFTA)

Author : M. Villarreal,Ian F. Fergusson
Publisher : Createspace Independent Publishing Platform
Page : 44 pages
File Size : 48,6 Mb
Release : 2017-02-28
Category : Electronic
ISBN : 154419417X

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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.

Potential Impact on the U.S. Economy and Selected Industries of the North American Free-Trade Agreement

Author : United States International Trade Commission,United States. Congress. House. Committee on Ways and Means
Publisher : Unknown
Page : 296 pages
File Size : 55,6 Mb
Release : 1993
Category : Canada
ISBN : UCSD:31822015600869

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Potential Impact on the U.S. Economy and Selected Industries of the North American Free-Trade Agreement by United States International Trade Commission,United States. Congress. House. Committee on Ways and Means Pdf

Environmental Impacts of a North American Free Trade Agreement

Author : Gene M. Grossman,Alan B. Krueger
Publisher : Unknown
Page : 72 pages
File Size : 40,8 Mb
Release : 1991
Category : Environmental impact analysis
ISBN : UCSD:31822007843683

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Environmental Impacts of a North American Free Trade Agreement by Gene M. Grossman,Alan B. Krueger Pdf

In general, a reduction in trade barriers will affect the environment by expanding the scale of economic activity, by altering the composition of economic activity and by initiating a change in the techniques of production. We present empirical evidence to assess the relative magnitudes of these three effects as they apply to further trade liberalization in Mexico. We first use comparable measures of three air pollutants in a cross-section of urban areas located in 42 countries to study the relationship between air quality and economic growth. We find for two pollutants (sulphur dioxide and 'smoke') that concentrations increase with per capita GDP at low levels of national income, but decrease with GDP growth at higher levels of income. We then study the determinants of the industry pattern of US imports from Mexico and of value added by Mexico's maquiladora sector. We investigate whether the size of pollution abatement costs in US industry influences the pattern of international trade and investment. Finally, we use the results from a computable general equilibrium model to study the likely compositional effect of a North American Free Trade Agreement (NAFTA) on pollution in Mexico.

Potential Impact on the U. S. Economy and Selected Industries of the North American Free Trade Agreement

Author : DIANE Publishing Company
Publisher : DIANE Publishing
Page : 286 pages
File Size : 48,5 Mb
Release : 1995-10
Category : Electronic
ISBN : 0788125354

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Potential Impact on the U. S. Economy and Selected Industries of the North American Free Trade Agreement by DIANE Publishing Company Pdf

Examines (1) the overall economic effects of the NAFTA on the economies of the U.S., Mexico, and Canada; (2) the key NAFTA provisions and related legal changes that may affect individual sectors; and (3) the short- and long-term impact of NAFTA on important industrial, energy, agricultural, and service sectors of the U.S. economy. Also summarizes recent economic developments in Mexico. Tables and figures.

North American Free Trade Agreement

Author : Alberto R. Musalem,Dimitri Vittas,Aslı Demirgüç-Kunt
Publisher : Unknown
Page : 68 pages
File Size : 48,5 Mb
Release : 1993
Category : Canada
ISBN : UCSD:31822015211733

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North American Free Trade Agreement by Alberto R. Musalem,Dimitri Vittas,Aslı Demirgüç-Kunt Pdf

Implementation of the North American Free Trade Agreement (NAFTA) will generate substantial efficiency gains for Mexico's financial system and economy. The key to NAFTA's success in the financial sector will be effective prudential regulation and supervision. But Mexican financial institutions will need a reasonable transition period to modernize operations and rise to the challenge of their Canadian and U.S. counterparts.

Lessons from NAFTA

Author : Daniel Lederman,William Francis Maloney,William F. Maloney,Luis Serven
Publisher : Stanford University Press
Page : 438 pages
File Size : 40,9 Mb
Release : 2005
Category : Business & Economics
ISBN : 0804752400

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Lessons from NAFTA by Daniel Lederman,William Francis Maloney,William F. Maloney,Luis Serven Pdf

Analyzing the experience of Mexico under the North American Free Trade Agreement (NAFTA), the authors draw lessons for other countries considering free trade agreements with the United States. The authors conclude that NAFTA raised external trade and foreign investment inflows and had a modest effect on Mexico’s average income per person. It is likely that NAFTA also helped achieve a modest reduction in poverty and an improvement in job quality. However, major obstacles remain to Mexico’s long term development—NAFTA is not enough. The main lesson for other countries is that free trade agreements offer opportunities to accelerate economic growth, but do not guarantee it.

The First Decade of NAFTA: The Future of Free Trade in North America

Author : Kevin Kennedy
Publisher : BRILL
Page : 674 pages
File Size : 49,6 Mb
Release : 2021-10-25
Category : Law
ISBN : 9789004481367

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The First Decade of NAFTA: The Future of Free Trade in North America by Kevin Kennedy Pdf

This volume provides practitioners, academics and students with the first definitive coverage of NAFTA investment arbitration. Given the level of foreign direct investment within the NAFTA countries, the issue of redress for states in investment cases is a major one. The state dispute settlement mechanisms within NAFTAs Chapter Eleven are recognized as a model worthy of close examination. The experts and scholars who have contributed to this work present a comprehensive overview of the first ten years of practice in the area of investment disputes under the NAFTA provision. As in any nascent undertaking, the successes, failures and controversies that have been the experience of the state parties involved in NAFTA, are keenly reflected in the Chapter 11 cases. It is in these experiences, as described by in the chapters of this timely volume, that the readers will find substantive and procedural insights into an emerging new area of public international economic law. Many see the workings of the NAFTA agreement, particularly Chapter 11, as a Rorschach test for how state parties can approach and effectively adjudicate investment disputes. For this reason all practitioners and scholars concerned with international trade and foreign direct investment issues should consult this book. Published under the Transnational Publishers imprint.

United States-Canada Free Trade Agreement

Author : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs
Publisher : Unknown
Page : 72 pages
File Size : 41,6 Mb
Release : 1988
Category : Canada
ISBN : LOC:00133620539

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United States-Canada Free Trade Agreement by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs Pdf

The Economic Impact and Implications of the Canada-U.S. Free Trade Agreement

Author : Cormier Center of International Economics. Conference
Publisher : Lewiston, NY : Edwin Mellen Press
Page : 304 pages
File Size : 49,5 Mb
Release : 1991
Category : Business & Economics
ISBN : UCSD:31822007806292

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The Economic Impact and Implications of the Canada-U.S. Free Trade Agreement by Cormier Center of International Economics. Conference Pdf

The primary focus of this text is to take stock of the progress in implementing the FTA and the challenges and opportunities that have surfaced. Essays include: An Intelligent Politician's Guide to the FTA; The Bank of Canada and the FTA; Evaluating Free Trade - A Perspective from the CLC; FTA Chapter 19 Working Group on Subsidies and Trade Remedies; Atlantic Canada and Fisheries Trade; Japanese Views on the Canada-US FTA; and Economics Growth and the Gains from Trade Liberalization.. These essays are from the proceedings of the inaugural Conference of the Cormier Center of International Economics at Bishop's University, March 20-21, 1990.