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ID126277
Title ProperNAFTA's economic upsides
Other Title Informationthe view from the United States
LanguageENG
AuthorHills, Carla A
Publication2014.
Summary / Abstract (Note)In the 20 years since it entered into force, the North American Free Trade Agreement has been both lauded and attacked in the United States. But to properly assess NAFTA's record, it is important to first be clear about what the agreement has actually done. Economically speaking, the answer is a lot. By uniting the economies of Canada, Mexico, and the United States, NAFTA created what is today a $19 trillion regional market with some 470 million consumers. The U.S. Chamber of Commerce figures that some six million U.S. jobs depend on trade with Mexico and another eight million on trade with Canada. NAFTA was the first comprehensive free-trade agreement to join developed and developing nations, and it achieved broader and deeper market openings than any trade agreement had before.
`In' analytical NoteForeign Affairs Vol. 93, No.1; Jan-Feb 2014: p.122-127
Journal SourceForeign Affairs Vol. 93, No.1; Jan-Feb 2014: p.122-127
Key WordsNorth American Free Trade Agreement ;  NAFTA ;  United States ;  Canada ;  Mexico ;  Trade ;  Energy


 
 
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