NAFTA Does Not Matter as Much as You Think (But Renegotiation Matters a Lot)
Date
2017
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James A. Baker III Institute for Public Policy;Baylor College of Medicine
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Most analysis of NAFTA begins by citing the huge increase in bilateral trade between the U.S., Canada and Mexico since 1993. U.S.-Mexico trade—exports plus imports—has grown three and a half times faster than U.S. GDP since NAFTA began in 1994. If NAFTA were solely responsible for that trade, renegotiating it on more favorable terms might have big payoffs. However, there are seven problems with thinking NAFTA has mattered or can matter very much.
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Green, Russell A. and Payan, Tony. "NAFTA Does Not Matter as Much as You Think (But Renegotiation Matters a Lot)." Issue Brief, no. 06.19.17 (2017) James A. Baker III Institute for Public Policy;Baylor College of Medicine: https://www.bakerinstitute.org/research/nafta-does-not-matter-as-much-as-you-think/.
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This material may be quoted or reproduced without prior permission, provided appropriate credit is given to the author and Rice Universityﾒs Baker Institute for Public Policy.