Last week, the United States and Canada failed to reach an agreement on the ongoing NAFTA 2.0 renegotiation. Going into last week it was widely expected that any NAFTA deal would need to be concluded by the end of August. Nevertheless, Canada and the United States resume talks this week. Instead of closing the deal on a renewed trilateral treaty,…
SAN ANTONIO EXPRESS - August 31, 2021 Scuttling free trade with Canada would have a disproportionate impact on Texas. Texas is the nation’s top exporter and has a trade surplus with Canada. Texas exports about $22.8 billion of goods annually to Canada, its second-largest trade partner. The elimination of a free trade agreement with Canada would harm Texas consumers, who…
A North American Common Market. The idea of a North American common market dates back at least to Ronald Reagan during his 1980 presidential campaign. Despite musing that it might take one hundred years to make the North American accord a reality, the North American Free Trade Agreement went into effect on January 1, 1994. At the time of its…