Author: United States. Executive Office of the PresidentPublisher:
ISBN:
Category : Economic development projects
Languages : en
Pages : 16
Book Description
The NAFTA, Expanding U.S. Exports, Jobs, and Growth
Author: United States. Executive Office of the PresidentPublisher:
ISBN:
Category : Economic development projects
Languages : en
Pages : 16
Book Description
The Future of North American Trade Policy
Author: Kevin P. GallagherPublisher:
ISBN: 9780982568309
Category :
Languages : en
Pages : 90
Book Description
NAFTA to USMCA: What is Gained?
Author: Mary E. BurfisherPublisher: International Monetary Fund
ISBN: 1498303285
Category : Business & Economics
Languages : en
Pages : 34
Book Description
The United States – Mexico – Canada Agreement (USMCA) was signed on November 30, 2018 and aims to replace and modernize the North-American Free Trade Agreement (NAFTA). This paper uses a global, multisector, computable-general-equilibrium model to provide an analytical assessment of five key provisions in the new agreement, including tighter rules of origin in the automotive, textiles and apparel sectors, more liberalized agricultural trade, and other trade facilitation measures. The results show that together these provisions would adversely affect trade in the automotive, textiles and apparel sectors, while generating modest aggregate gains in terms of welfare, mostly driven by improved goods market access, with a negligible effect on real GDP. The welfare benefits from USMCA would be greatly enhanced with the elimination of U.S. tariffs on steel and aluminum imports from Canada and Mexico and the elimination of the Canadian and Mexican import surtaxes imposed after the U.S. tariffs were put in place.
The North American Free Trade Agreement (NAFTA)
Author: M. VillarrealPublisher: Createspace Independent Publishing Platform
ISBN: 9781544194172
Category :
Languages : en
Pages : 44
Book Description
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.
Lessons from NAFTA
Author: Luis ServenPublisher: World Bank Publications
ISBN: 0821383744
Category : Political Science
Languages : en
Pages : 432
Book Description
Analyzing the experience of Mexico under the North American Free Trade Agreement (NAFTA), 'Lessons from NAFTA' aims to provide guidance to Latin American and Caribbean countries considering free trade agreements with the United States. The authors conclude that the treaty raised external trade and foreign investment inflows and had a modest effect on Mexico's average income per person. It is likely that the treaty also helped achieve a modest reduction in poverty and an improvement in job quality. This book will be of interest to scholars and policymakers interested in international trade and development.
Introduction to Business
Author: Lawrence J. GitmanPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 1455
Book Description
Introduction to Business covers the scope and sequence of most introductory business courses. The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. The outcome is a balanced approach to the theory and application of business concepts, with attention to the knowledge and skills necessary for student success in this course and beyond. This is an adaptation of Introduction to Business by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better ebook reading experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License.
NAFTA Revisited
Author: Gary Clyde HufbauerPublisher: Peterson Institute
ISBN: 9780881325591
Category : Electronic books
Languages : en
Pages : 556
Book Description
NAFTA
Author: Gary Clyde HufbauerPublisher: Peterson Institute
ISBN: 9780881321999
Category : Business & Economics
Languages : en
Pages : 222
Book Description
"October 1993." Includes bibliographical references (p. 186-189) and index.
U. S. -Mexico Economic Relations
Author: M. Angeles VillarrealPublisher: DIANE Publishing
ISBN: 1437932827
Category : History
Languages : en
Pages : 29
Book Description
Mexico has a population of about 111 million people, making it the most populous Spanish-speaking country in the world. Contents of this report: (1) Intro.; (II) U.S.-Mexico Econ. Trends: Mexico-U.S. Bilateral Foreign Direct Invest.; Mexico¿s Export-Oriented Assembly Plants; Worker Remittances to Mexico; Security and Prosperity Partnership of N. Amer.; (3) The Mexican Economy: Economic Reforms; Effects of the Global Financial Crisis; Poverty; Regional Free Trade Agree.; (4) NAFTA and the U.S.-Mexico Econ. Relationship; (5) U.S.-Mexico Trade Relations: Trucking Issue: Truck Pilot Program; Mexico¿s Retaliatory Tariffs; Other Trade Issues; (6) Policy Issues. Charts and tables. This is a print on demand publication.
U.S. Trade and Investment Policy
Author: Andrew H. CardPublisher: Council on Foreign Relations
ISBN: 0876094418
Category : Business & Economics
Languages : en
Pages : 135
Book Description
From American master Ward Just, returning to his trademark territory of "Forgetfulness "and "The Weather in Berlin," an evocative portrait of diplomacy and desire set against the backdrop of America's first lost war