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2010•Palgrave Macmillan UK eBooksRequires access

Ruling the North American Market: NAFTA and its Extensions

Louis Bélanger, Richard Ouellet

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Abstract

In 1994, the governments of Canada, Mexico, and the US created what was at that time a very modern free trade area by promulgating the entry into force of NAFTA, the North American Free Trade Agreement. NAFTA was essentially an amended version of the then five-year-old Canada-United States Free Trade Agreement (CUSTA). The new agreement not only enlarged CUSTA by adding Mexico as a third party; it made economic integration stronger and deeper in the fields already opened to free trade and it covered new sectors and new trade-related issues.

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What this paper is about

In 1994, the governments of Canada, Mexico, and the US created what was at that time a very modern free trade area by promulgating the entry into force of NAFTA, the North American Free Trade Agreement. NAFTA was essentially an amended version of the then five-year-old Canada-United States Free Trade Agreement (CUSTA). The new agreement not only enlarged CUSTA by adding Mexico as a third party; it made economic integration stronger and deeper in the fields already opened to free trade and it covered new sectors and new trade-related issues.

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Available abstract

In 1994, the governments of Canada, Mexico, and the US created what was at that time a very modern free trade area by promulgating the entry into force of NAFTA, the North American Free Trade Agreement. NAFTA was essentially an amended version of the then five-year-old Canada-United States Free Trade Agreement (CUSTA). The new agreement not only enlarged CUSTA by adding Mexico as a third party; it made economic integration stronger and deeper in the fields already opened to free trade and it covered new sectors and new trade-related issues.

Key concepts: Free trade agreement, Free trade, International trade, Economic integration, International free trade agreement, Economics, Trade barrier, Rules of origin

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