Us Mexico Trade

On July 1, 2020, after much expectation and delay, the new United States-Mexico-Canada Agreement (USMCA)—a greatly revised version of the North American Free Trade Agreement (NAFTA) of 1994—came into effect. This timely book by the author of the preeminent guide to NAFTA and an active participant and private sector advocate in the USMCA negotiation and legislative process provides a chapter-by-chapter analysis of the new agreement, clearly describing what has changed from the earlier agreement and what is new. After a concise but expertly calibrated summary of NAFTA, the author proceeds systematically through a practical analysis of each USMCA provision, emphasizing such crucial new elements as the following: new rules on intellectual property rights; stricter rules of origin within the automotive industry; major reforms in Mexican labor laws and their enforceability; opening of Canada’s agricultural and dairy sector to more U.S. competition; entirely new chapter on digital trade; new dispute mechanisms; requirement of an increased minimum wage in auto plants; and a new chapter on environmental standards. Changes in such important aspects of trade as textiles and apparel, ownership of hydrocarbons, cross-border trade in services, and anticorruption measures are also fully described. The USMCA is a response to a United States initiative to renegotiate NAFTA. As a key regional trade agreement with vast global ramifications, familiarity with its content and rules is essential for all business, legal, policymaking, and academic parties concerned with international trade. This useful practical guide will be a welcome addition to private and corporate libraries, including corporate counsel, customs brokers, freight forwarders, logistics and import-export managers, government officials, and academics who need a thorough understanding of the new agreement.

This is a print on demand edition of a hard to find publication. Mexico has a population of about 110 million people making it the most populous Spanish-speaking country in the world and the third most populous country in the Western Hemisphere. Based on a GDP of $1.0 trillion in 2008, Mexico has a free market economy with a strong export sector. The U.S. and Mexico have strong economic ties. An important feature of the relationship is the North American Free Trade Agreement (NAFTA). Mexico is the U.S.¿ third largest trading partner, while the U.S. ranks first among Mexico¿s trading partners. Contents of this report: (1) Intro.; (2) U.S.-Mexico Economic Trends; (3) Mexican Economy; (4) NAFTA and the U.S.-Mexico Econ. Relationship; (5) Major Issues in U.S.-Mexico Trade Relations; (6) Policy Issues. Illus.

In this report, the Economic Strategy Institute explains how to structure a North American Free Trade Agreement to strengthen the U.S. economy and bolster the competitiveness of an increasingly integrated North American economy. The report begins with a description of U.S. and Mexican interests in the FTA, and an analysis of how they converge and diverge. It then details the assumptions about the Mexican economy and about the economic future of North America that have been driving U.S. policy. Following a critique of these assumptions, the study paints a detailed portrait of the Mexican economy as it is, not as many Americans wish it to be. The economic impact of the FTA being sought by the administration is gauged by describing recent quantitative and qualitative trends in U.S.-Mexico trade, discussing the body of econometric studies published to date on the FTA, and presenting the Institute's own projections, which are based on analyses not only of trade flows, but of investment flows and Mexican industrial policies. Finally, the report identifies a framework for U.S.-Mexico relations likely to strengthen the U.S. economy. It outlines the criteria that a successful agreement has to meet, and presents detailed recommendations on how to achieve these goals in areas ranging from trade and investment to energy and the environment.

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.

Five million workers are employed in a variety of settings along the U.S.ÐMexico border, yet labor market outcomes on each side often differ. U.S. workers tend to have low earnings and high unemployment compared with the rest of the country, while workers on the Mexican side of the border are often more prosperous than those in the interior. This book sheds new light on these socioeconomic differentials, along with other labor market issues affecting both sides of the border. The contributors take up issues that dominate the current discourseÑ migration, trade, gender, education, earnings, and employment. They analyze labor conditions and their relationship to immigration, and also provide insight into income levels and population concentrations, the relative prosperity of MexicoÕs border region, and NAFTAÕs impact on trade and living conditions. Drawing on demographic, economic, and labor data, the chapters treat topics ranging from historical context to directions for future research. They cover the importance of trade to both the United States and Mexico, salary differentials, the determinants of wages among Mexican immigrant women on the U.S. side, and the net effect of Mexican migration on the public coffers in U.S. border states. The bookÕs concluding policy prescriptions are geared toward improving conditions on the U.S. side without dampening the success of workers in Mexico. Written to be equally accessible to social scientists, policy makers, and concerned citizens, this book deals with issues often overlooked in national policy discussions and can help readers better understand real-life conditions along the border. It dispels misconceptions regarding labor interdependence between the two countries while offering policy recommendations useful for improving the economic and social well-being of border residents.