The North American Free Trade Agreement: Implications for US Regions

Niles Hansen

Chapter 16 in Regional Science: Perspectives for the Future, 1997, pp 232-247 from Palgrave Macmillan

Abstract: Abstract On 1 January 1994 the North American Free Trade Agreement (NAFTA) came into effect, creating the world’s largest free trade area in terms of population (372 million) and total output ($7.2 trillion). Over a fifteen-year period, NAFTA will eliminate nearly all the barriers to trade and investment between the USA, Mexico and Canada. In 1992, US exports to Canada amounted to $90 billion and imports to $101 billion. US exports to Mexico in that year were valued at $41 billion and imports from Mexico amounted to $36 billion; estimates of these flows in 1993 were $51 billion and $45 billion, respectively.

Keywords: Free Trade; Real Wage; North American Free Trade Agreement; Mexican Economy; Texas Border (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-25514-6_16

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DOI: 10.1007/978-1-349-25514-6_16

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