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Free Trade Area or Common Capital Market? Notes on Mexico-US Economic Integration and Current NAFTA Negotiations

Published online by Cambridge University Press:  02 January 2018

Jaime Ros
Jaime Ros*
Affiliation:
Kellogg Institute of International Studies, University of Notre Dame
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Extract

This Article addresses some of the key issues involved in understanding current trade negotiations between Mexico and the United States, as well as their significance for the process of economic integration in North America. These issues derive from the new setting produced by (a) Mexico's trade and investment liberalization in the 1980s, (b) the incentives which underlie the drive towards integration, as well as (c) those factors which will condition the final content of the current negotiating process.

A free trade agreement (FTA) with the United States could be seen as the logical conclusion of the process of trade and investment liberalization carried out by the Mexican government ever since the mid-1980s. At the same time, it also represents a shift in Mexico's initial trade strategy, from multilateralism to bilateralism, or from globalization to regionalization, as a consequence of the global trend, toward the end of the 20th century, to create large regional economic blocs.

Type
Two Views of the NAFTA
Information
Journal of Interamerican Studies and World Affairs , Volume 34 , Issue 2 , Summer 1992 , pp. 53 - 92
Copyright
Copyright © University of Miami 1992

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