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NAFTA: Past, Present and Future

Author

Listed:
  • Kondonassis, Alexander J.
  • Malliaris, A.G.
  • Paraskevopoulos, Chris

Abstract

The North American Free Trade Agreement (NAFTA) – an extension of the Free Trade Agreement (FTA) between Canada and USA to include Mexico – went into effect on January 1, 1994, primarily as an agreement to eliminate restrictions on trade and investment over the course of twelve years. NAFTA is a trade agreement and after twelve years remains as such with limited prospects, if any, of widening or deepening the integration process. Despite its narrow scope, the agreement became, from the start, controversial – and continues to be so – not only for trade and investment matters but for a whole host of other related issues. The other related issues include: the dispute settlement mechanism and side agreements on labor and environmental issues.

Suggested Citation

  • Kondonassis, Alexander J. & Malliaris, A.G. & Paraskevopoulos, Chris, 2008. "NAFTA: Past, Present and Future," The Journal of Economic Asymmetries, Elsevier, vol. 5(1), pages 13-23.
    • Handle: RePEc:eee:joecas:v:5:y:2008:i:1:p:13-23
    DOI: 10.1016/j.jeca.2008.01.002
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    References listed on IDEAS

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    1. Kondonassis, Alex J. & Malliaris, A. G., 1996. "NAFTA: Old and new lessons from theory and practice with economic integration," The North American Journal of Economics and Finance, Elsevier, vol. 7(1), pages 31-41.
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    More about this item

    Keywords

    F03; F15; F31; North American Free Trade Agreement; NAFTA; Canada; Mexico; United States; trade; investment; agricultural integration; monetary integration;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F31 - International Economics - - International Finance - - - Foreign Exchange

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