[PDF] Canada Mexico Agricultural Economies And Trade Under Closer North American Relations Electronic Resource eBook
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This research study provides an overview of the trading relationship between Canada & Mexico with particular emphasis on agricultural trade. It first reviews the recent changes in the Mexican economy, then summarizes & discusses data relating to such matters as: total Canada-Mexico trade; the rank of Mexico as trade partner; the top 15 imports from Mexico; problems in reconciliation of Canada/Mexico agri-food trade data; Mexican imports of agri-food products; tariffs on agri-food products imported by Mexico; and future opportunities for enhancement of Canada-Mexico trade and improving trade data.
The seven contributions in this book examine the potential impact of a North American Free Trade Agreement (NAFTA) with Mexico on the U.S. economy. They cover such key aspects as the general sources of comparative advantage between Mexico and the U.S., regional and local effects on production and employment, and the effect on production in particular industries. The authors start from the premise that the trade agreement will have a small impact on the overall U.S. gross national product because the U.S. economy is large compared to that of Mexico and because there is already much unrestricted trade between the two countries. Several chapters consider how some sources of comparative advantage that cut across industries differential environmental regulations and wage differentials - may affect the outcome. These are followed by chapters that assess the locational effects on U.S. production, either from the viewpoint of which metropolitan areas will gain employment or of the scale effects-transportation cost-tradeoff. Concluding chapters address the effect of the NAFTA on several individual U.S. sectors such as agriculture, automobiles, and financial services. Peter M. Garber is Professor of Economics at Brown University. Contents: Introduction, Peter M. Garber. Environmental Impacts of a North American Free Trade Agreement, Gene M. Grossman, Alan B. Krueger. Wage Effects of a U.S.-Mexico Free Trade Agreement, Edward E. Leamer. Some Favorable Impacts of a U.S.-Mexico Free Trade Agreement, J. Vernon Henderson. Mexico- U.S. Free Trade and the Location of Production, Paul Krugman, Gordon Hanson. Trade with Mexico and Water Use in California Agriculture, Robert C. Feenstra, Andrew K. Rose. The Automobile Industry and the Mexico-U.S. Free Trade Agreement, Steven Barry, Vittorio Grilli, Florencio Lopez-de-Silanes. Opening the Financial Services Market in Mexico, Peter M. Garber, Steven R. Weisbrod.
The economic and trade relationship with Mexico is of interest to U.S. policymakers because of Mexico﷿s proximity to the United States, the extensive trade and investment relationship under the North American Free Trade Agreement (NAFTA), the conclusion of the NAFTA renegotiations and the proposed U.S.-Mexico-Canada Agreement (USMCA), and the strong cultural and economic ties that connect the two countries. Also, it is of national interest for the United States to have a prosperous and democratic Mexico as a neighboring country. Mexico is the United States﷿ third-largest trading partner, while the United States is, by far, Mexico﷿s largest trading partner. Mexico ranks third as a source of U.S. imports, after China and Canada, and second, after Canada, as an export market for U.S. goods and services. The United States is the largest source of foreign direct investment (FDI) in Mexico. Most studies show that the net economic effects of NAFTA, which entered into force in 1994, on both the United States and Mexico have been small but positive, though there have been adjustment costs to some sectors within both countries. Much of the bilateral trade between the United States and Mexico occurs in the context of supply chains as manufacturers in each country work together to create goods. The expansion of trade since NAFTA has resulted in the creation of vertical supply relationships, especially along the U.S.-Mexico border. The flow of intermediate inputs produced in the United States and exported to Mexico and the return flow of finished products greatly increased the importance of the U.S.-Mexico border region as a production site. U.S. manufacturing industries, including automotive, electronics, appliances, and machinery, all rely on the assistance of Mexican manufacturers.
United States. Congress. House. Committee on International Relations. Subcommittee on the Western Hemisphere
Author : United States. Congress. House. Committee on International Relations. Subcommittee on the Western Hemisphere Publisher : Page : 64 pages File Size : 13,92 MB Release : 2006 Category : Business & Economics ISBN :
This book presents and discusses the economic and trade relations between the United States, Canada and Mexico. Topics discussed include Canada-U.S. relations; the United States-Canada trade and economic relationship; NAFTA and the future of commercial trucking across the Mexican border and the Cuban migration to the United States.