Free Trade Agreement
|NAFTA in 2015 necessarily
means understanding Mexico in 2015
An interesting indication
of the advancement of the Mexican economy is the news that the richest
man in the world 2010, 2011, 2012, 2013 was Carlos Slim
Shown in the pic to the left with student Flores Chahue - student in MRK460 at Seneca in March 2015 - from a pic posted on her Facebook page
Rick Cameron and Jean-Bosco Sabuhoro were the principal authors.
|On the website of the federal government's dept. of Industry Canada, you can find an informative PDF's document which describes Canada's trade performance. This material is dated 2008 - which means it is referring to events in 2007|
from stats from Statistics Canada
from CanadExport "Facts & Figures" for 2007
In the later years of the 1990's it appeared that NAFTA was responsible for Canada doing more and more trade with the U.S. - and therefore increasing our vulnerability to swings in the U.S. economy and reducing our business with the ROW (rest of the world).
However, as the U.S. economy began to slow in the "Bush" administration, Canadian companies have sought more business with the rest of the world, which is reflected in an updated chart showing Canadian exports to the U.S.
The most significant thing about this 2000 chart (which comes from Sydor's Report on Canada's Trade Performance for 2000) is that fact that despite lots of encouragement from federal and provincial governments for Canadian exporters to seek out markets in Asia, Europe and Latin America - we still do more than 87% of our business with the U.S.
Mexico - highly touted as an opportunity for us in 2001 and beyond, is the tiny slice of green in the chart to the left.
since 2001, we have done much better diversifying away from exporting mostly to the U.S. and are improving our exports to Asia-Pacific and Europe
data comes from Stats Canada
and dispute settlements
|Prof. John Kirton at University
of Toronto, St. George campus
has written widely on various NAFTA topics
"NAFTA Dispute Settlement Mechanisms: An Overview." Paper prepared for an experts workshop on "NAFTA and Its Implications for ASEAN's Free Trade Area," Munk Centre for International Studies, University of Toronto
|"Canada Must Rethink
Trade Ties With Mexico" 2001
David Crane 2001 June 26
Crane begins by stating that "Despite the North American Free Trade Agreement, there's something of a disconnect between Canada and Mexico. Both countries are obsessed with their relationship with the United States, but pay much less attention to one another."
"Canada-Mexico trade represents
less than 1 per cent of total North American trade flows."
Crane adds "Mexico has become much more competitive, especially in the motor vehicle, electrical and electronics and machinery industries and is poised to become more of a competitor to Canada in the U.S. market. Moreover, while Canada's share of U.S. manufacturing imports has remained flat, Mexico's share has risen sharply. Canada's share of U.S. imports has remained just under 20 per cent in the 1990s but Mexico's share increased from 6 per cent in 1990 to 10.7 per cent in 1999."
"With Mexican exports growing at almost 16 per cent a year in the 1990s, compared to 9 per cent a year for Canada, it's easy to see why trade analysts expect at some point in the future that Mexico will eventually replace Canada as the Number 1 trading partner of the United States."
FYI - using a search engine,
it is possible to find many references on the web to the activities of
Aaron Sydor and Gary Sawchuk in conferences and speeches about Canadian
internationl business, particular related to competitiveness issues
Mexico looms as trading rival, bank says
"May soon surpass Canada as top U.S. trading partner, Scotiabank suggests"
Warren says "Over the past decade, Mexico has been able to build upon its favourable production and cost position to capture a larger share of the important U.S. market"
'While Canada maintained a stable 19 per cent share of U.S. imports in the 1990s - retaining its status as the United States' chief trading partner - Mexico's share has almost doubled to 11 per cent,'' Warren is quoted by Canadian Press as saying, adding ''If current trends persist, within a decade Mexico could surpass Canada as the United States' largest trading partner.''
Warren explains that "that
over the next few years rising protectionist sentiments and trade frictions
will pose a growing challenge for all three NAFTA nations. These destabilizing
pressures, often relatively muted in boom times, tend to be heightened
in periods of slowing economic growth."
|some of the American govt
www.customs.ustreas.gov/nafta/ U.S. govt NAFTA site
|NAFTA and the populace||
using Google, Prof. Richardson
searched using the phrase
"NAFTA is great" - 34 hits
"NAFTA is good" - 243 hits
"NAFTA sucks" - 101 hits
- not very scientific but it suggests strong opinions on both sides
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