NAFTA at 20: Canada and Mexico Emerge as Biggest Winners
February 24, 2014
January 1, 2014 marks the 20-year anniversary of the North American Free Trade Agreement’s (NAFTA) implementation and there is strong evidence of the pact’s positive impact on manufacturing in the United States. U.S. manufactured goods to Canada and Mexico more than tripled since 1993, growing some $173 billion through 2012 and accounting for over 18 percent of the total growth in U.S. manufactured exports over that period.
Setting Importing & Exporting Priorities for 2014
February 5, 2014
The underlying economic premise for importing and exporting is “specialization and trade.” Simply put, specialization means some region, country, or people have a “comparable advantage” for making certain products over another region, country, or people.
NAFTA 20 years later: “2.0” Still Alive for US & Canadian Supply Chain Managers
December 16, 2013
Today the U.S. and the region are facing a changing international landscape for trade and investment. It brings new risks but also opportunities to strengthen our economic recovery. Nafta at 20 needs Nafta 2.0—a new version of expanded trade and cooperation to help the three member nations better compete with Asia and Europe.
