NAFTA: Canada's & Mexico's Viewpoints
When the Canada/U.S. free trade agreement came into effect, the
Mexican's were very impressed by the provision and opportunities that opened for
both sides. Mexico then approached the U.S., seeking to form a similar
agreement with them. This brought forth a new issue in Canada, should they let
Mexico and the U.S. form an agreement without them? Or should they participate,
thus transforming their deal with the U.S. into a trilateral agreement including
Mexico.
On June 12, 1991, the trade ministers of Canada, the United States and
Mexico met in Toronto to open negotiations for a North American Free Trade
Agreement (NAFTA). This was an historic occasion. For the first time ever, a
developing country agreed to sit down with two industrial countries to craft an
agreement that would open its economy to full competition with the other two
countries. If successful, the agreement promised to make the whole North
American continent into one......
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