NAFTA’s Overhaul: From Stability to Uncertainty

Improving global governance
Posted Oct 09, 2018 | Foreign Policy Research Institute, Gustavo Flores-Macías, Mariano Sánchez-Talanquer

Signed in 1992 by the governments of Canada, Mexico, and the United States to eliminate barriers to trade and investment, the North American Free Trade Area (NAFTA) provided a workable framework for integration and exchange. Gustavo Flores-Macías and Mariano Sánchez-Talanquer suggest in their article for the Foreign Policy Research Institute that although average consumers in the three countries have benefitted from greater product diversity and lower prices, political resentment has risen among losers from the trade agreement, from small Mexican agricultural producers to manufacturing workers in the American rust belt. As a result, both Canada and Mexico will cultivate alternatives to reduce their exposure to NAFTA, increasing the precariousness of the liberal international order, which the U.S. had underwritten since after World War II.




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