USMCA: Innovations and U.S. Ratification

Q&A with Professor Álvaro Santos. Two key conditions for the approval of the United States-Mexico-Canada Agreement (USMCA) were met in April. First, on April 18, the U.S. International Trade Commission (ITC) published its evaluation of the economic impact of the...

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If NAFTA Terminates: All is Not Lost

There is no doubt that the North American Free Trade Agreement (“NAFTA”) has generated an enormous amount of economic activity in North America. Regional trade increased 128% since NAFTA came into effect. The figures for the bilateral trade relationship between the United States and Mexico (which triggered the current renegotiation process) reflect a gross increase in the exports from the United States into Mexico of 455%. The exports from Mexico to the United States increased 637% since the commencement of NAFTA.

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NAFTA and Its Impact on Income (In)equality: An Analytical Approach for Evaluating the Agreement

NAFTA was implemented in January, 1994. Almost 25 years later, it is still unclear as to whether it has fulfilled the promises that the Mexican, U.S. and Canadian governments made prior to its enactment. Negotiations for the modernization of the treaty between the three countries, which started in August 2017, continue and resolution of the most substantive matters of discussion is still pending.

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